Fannie Mae&#39;s chief executive defends company&#39;s
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Fannie Mae&#39;s chief executive on Wednesday defended accounting practices at the embattled mortgage company and disputed allegations that earnings were manipulated.
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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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Fannie Mae&#39;s regulator has not approved the financial terms of the exits of two top executives and the men won&#39;t get that money until investigations of the company&#39;s finances are completed
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Raines defends role, says company did &#39;the right thing&#39; CBS MarketWatch
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Warner Music CEO defends use of protection technology after criticism by Jobs.
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Bank of England boss Mervyn King is defending his role in the Northern Rock banking crisis.
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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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Just how deep is the rot at one of America&#39;s bedrock corporations, Fannie Mae? The picture should be a little clearer after Frank Raines, its chairman and chief executive, testifies before Congress on Wednesday.
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The chief US financial regulator has hit back at critics of &quot;over-regulation&quot; and accused many US bosses of failing to provide &quot;ethical&quot; leadership for their companies.
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ORLANDO, Fla. - Michael Eisner&#39;s fighting back. The embattled Disney boss is gearing up to defend his hiring and firing of former Hollywood superagent Michael Ovitz as Disney&#39;s No.
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The attorney general of Ohio said on Wednesday his office was considering bringing a shareholder lawsuit against mortgage buyer Fannie Mae over disclosures of subprime holdings.
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Troubled lender said to be undercapitalized; to issue mix of convertible and non-convertible shares. NEW YORK  - Fannie Mae, the largest US home financier whose top two executives left under fire
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The Securities and Exchange Commission&#39;s top accountant told mortgage funding giant Fannie Mae last night that it should correct its past accounting
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Top executives at three big U.S. oil  companies defended record profits on Sunday as necessary to  finance future investment, and one cautioned that summer  gasoline pump prices could go higher with hurricane season  underway.
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The chief executive and chief financial officer of US mortgage finance giant Fannie Mae (FNM.N: Quote, Profile, Research) stepped down late on Tuesday after
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Fannie Mae&#39;s chief executive and another top official are to appear before Congress to explain an accounting lapse at the mortgage giant amid regulators&#39; allegations of earnings manipulation and management misdeeds.
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For the last two months, Franklin D. Raines has been the public face of Fannie Mae, testifying before Congress that he believed that the company&#39;s accounting methods were sound.