Fannie Mae CEO Raines defends leadership
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Fannie Mae (FNM) CEO Franklin Raines defended his stewardship of the housing finance giant Wednesday, as a former employee said Raines ignored warnings of accounting problems.
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As D.C. Mayor Anthony A. Williams (D) announced the return of Major League Baseball to Washington last week, he praised Fannie Mae chairman and chief executive Franklin D. Raines and financier Frederic V. Malek for their efforts as part of a high-powered ownership group seeking to buy the team.
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US new home sales and new mortgage supply are expected to fall in 2005, but will still run near historically high levels, said Franklin Raines, chief executive officer at Fannie Mae (FNM.
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Because Fannie Mae&#39;s board of directors allowed CEO Franklin Raines to &quot;retire&quot; and chief financial officer Timothy Howard to resign late Wednesday, the Office of Federal Housing
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Fannie Mae&#39;s chairman and CEO bet that his political prowess could protect him from an accounting scandal. He was wrong. Franklin D. Raines, long known for his steady hand and deep Washington connections, staked
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WASHINGTON - Fannie Mae chief Franklin Raines told Congress on Wednesday that the huge mortgage company did not intentionally manipulate earnings to boost executives&#39; bonuses.
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Raines defends role, says company did &#39;the right thing&#39; CBS MarketWatch
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As investigators dig into Fannie Mae's financials, they will find detailed statements defending the company's accounting practices by Franklin D. Raines, Fannie's chairman and chief executive, that are directly contradicted by the highly critical report issued last week by the company's chief regulator.
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Scottish Football Association chief executive David Taylor has defended the length of time taken to appoint new national manager Walter Smith.
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Societe Generale chairman Daniel Bouton defended the bank's management in an interview published Saturday, saying the rogue trader scandal was not the fault of strategic errors.
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Federal regulators sued three former Fannie Mae executives yesterday, including former chairman and chief executive Franklin Raines, to recoup more than $115 million in compensation they received while the company's earnings were misstated.
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Corporate spin can be a powerful thing. Just ask Fannie Mae&#39;s investors. They spent the last year hearing the mortgage giant&#39;s chief executive Franklin D. Raines continually
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Fannie Mae Chief Executive Franklin  Raines' struggle for his job and reputation after regulators  found extensive accounting problems at his company is an  unexpected twist in a career that had seemed likely to vault  him into a prominent role in national politics.
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Description: Two top executives at Fannie Mae are forced out of their jobs following questions over accounting irregularities. Fannie Mae CEO Franklin Raines and Chief Financial Officer Timothy Howard stepped
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Managers of mortgage finance giant  Fannie Mae will defend themselves before Congress on Wednesday  against government findings that they broke accounting rules to  deliver steady earnings growth quarter after quarter.
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Fannie Mae executives defended  themselves on Wednesday against government allegations they  manipulated accounting to hide earnings swings, saying they and  their auditors believed they were properly applying complex  standards that can be interpreted differently.
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Managers of mortgage finance company Fannie Mae will defend themselves before Congress Wednesday amid government findings that they broke accounting rules to deliver steady earnings growth quarter after quarter.