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Richard Baker

Congressman Accuses Fannie Mae's Ex-Chief of Lying in Testimony

Lawmakers and a federal regulator criticized the ousted former chief executive of Fannie Mae , Franklin D. Raines, on Tuesday as a House panel aired government accusations of a six-year accounting fraud at the ...

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P Lee
Washington, DC
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#1
Jun 7, 2006
 
The Fannie May story is becoming more complicated. Sadly Congress was not supporting OFHEO in its oversight function of the GSE for quite a while. Hubris and avarice ran amok by the executives who had a duty to manage the company with integrity. So much for leaving people in charge of a cash cow without checks and balances.
Pissed In Florida
Cocoa, FL
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#2
Jun 11, 2006
 
Confiscate their assets and burn them at the stake. Their demoralizing actions are felt around the world and continue to show a lack of ethics in American politics and morals.
Shame on them, clean house, send them all to hell where they came from.
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