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And just when things were starting to look up for Fannie Mae ! The month started out great. The giant mortgage corporation finally filed much overdue Form 10Ks with the Securities and Exchange Commission (SEC) restating earnings from 2001 through mid 2004 and erasing a huge cloud hanging over the corporation...
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Remember Franklin Raines? In December 2004 he and Timothy Howard were very much in the news as they "retired" or "resigned" or were fired, depending on which version one was reading as CEO and CFO of Fannie Mae . Their sudden unemployment followed probes, lawsuits, and audits that revealed that Fannie...