The Who’s Who of the Mortgage Meltdown
The Bear on Oct 13 2008 | Filed under: Culture of Corruption, Economy
FRANKLIN RAINES - was a Chairman and Chief Executive Officer at Fannie Mae. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregulaties in Fannie Mae’s accounting activities. At the time of his departure The Wall Street Journal noted, “Raines, who long defended the company’s accounting despite mounting evidence [...]