Thursday, March 5, 2009

AP Lawmaker goes after ex-Fannie CEO over loan deal


The Associated Press: Lawmaker goes after ex-Fannie CEO over loan deal: "By ALAN ZIBEL – 20 hours ago

WASHINGTON (AP) — A Republican lawmaker is accusing the former chief executive of mortgage finance company Fannie Mae of being dishonest in testimony before Congress about discounts he received on his home loan.

Rep. Darrell Issa of California released documents Wednesday that he said showed former Fannie CEO Franklin Raines received special treatment in 2003 when he refinanced with Countrywide Financial Corp."

He also made $90,000,000 while running Fannie Mae into the ground

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