Moffett holds a bachelor's degree from the
University of Oklahoma and an MBA from
Southern Methodist University. He joined Star Banc Corporation in 1993 as CFO, from
Bank of America. He became CFO of Firstar Corporation when Firstar merged with Star Banc in 1998. In 2001, when Firstar merged with
U.S. Bancorp and retained the U.S. Bancorp name, he became the company's Vice Chairman and CFO. In 2007, Moffett retired from U.S. Bancorp. In September 2007, he was hired by the Carlyle Group to serve as senior advisor to their financial services group. From September 2008 to March 2009 Moffett served as CEO of Freddie Mac, receiving the job after the federal government took over the ailing company and ousted its leadership. ==References==