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  • Fannie Mae and HSBC Fallout

    Two bits of news reported last week are worth a mention. Fannie Mae announced on Tuesday that it would not be paying over $44.4 million in bonuses to its former and current executives. The bonuses were part of an incentive program that was based on performance targets such as earnings growth. Fannie...
    Posted to MND NewsWire (Weblog) by Glenn Setzer on Mon, Feb 26 2007

  • OFHEO Wants Fannie Mae Bonus Money Returned

    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...
    Posted to MND NewsWire (Weblog) by Glenn Setzer on Thu, Jun 15 2006
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