This means a government created and supervised corporation is the first guilty of vioilating the financial reporting rules set by the Sarbanes-Oxley law. There should be a full investigation of Fannie Mae, its officers and its board : Officers and Board Members: FRANKLIN D. RAINES, Chairman of the Board & Chief Executive Officer,( Raines headed OMB under Clinton) H. MUDD, Vice Chairman & Chief Operating Officer, TIMOTHY HOWARD, Vice Chairman & Chief Financial Officer, Board Members: STEPHEN B. ASHLEY, Chairman & Chief Executive Officer,The Ashley Group/ KENNETH M. DUBERSTEIN, Chairman & Chief Executive Officer,The Duberstein Group, Inc./ THOMAS P. GERRITY , Professor,The Wharton School,University of Pennsylvania/ ANN KOROLOGOS (Mrs. John McLaughlin, Host, The McLaughlin Group) ,Vice Chairman, RAND Board of Trustees/ FREDERIC V. MALEK, Chairman, Thayer Capital Partners/ DONALD B. MARRON, Chairman & Chief Executive Officer,Lightyear Capital (former Chairman, PaineWebber) / JOE K. PICKETT, Former Chairman & Chief Executive Officer, HomeSide International Inc./ LESLIE RAHLPresident & Founder Capital Market Risk Advisors, Inc./ H. PATRICK SWYGERT President,Howard University/ JOHN K. WULFF, Chairman of the Board,Hercules Incorporated.
NOTE: Recently Resigned Fannie Mae Vice Chairman JAMIE S. GORELICK, former member of Clinton Justice Department and member of 9/11 Commission
Gee, why isn't the media screaming about corporate greed and government enabling such behavior. Oops, it's because every DemonRat under the sun is in bed with Fannie Mae. They had nothing to say about Global Crossing, either. The media blackout continues.