As Tropical Storm Hanna slammed Washington with heavy winds and 6 inches of rain on Sept. 6, a team of lawyers working for Freddie Mac and Fannie Mae was hunkered down behind the closed doors of a mercifully dry Federal Housing Finance Agency conference room.
It had been a slog to get there. Many of the lawyers, as well as the companies’ financial advisers and directors, had raced in from New York that Saturday morning. The commute had required 4 a.m. wake-up calls, and they were running on little sleep-power naps at best.
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