Investigation of Fannie Mae
Financial reporters talked about Fannie Mae as the target of ongoing investigations by Congress, the Justice Department, the Securities and… read more
Financial reporters talked about Fannie Mae as the target of ongoing investigations by Congress, the Justice Department, the Securities and Exchange Commission, and its regulator, the Office of Federal Housing Enterprise Oversight.
In late September OFHEO released a report critical of accounting and management practices at Fannie Mae, and that report was the subject of a hearing on October 6, 2004 by the House Financial Services Subcommittee on Government-Sponsored Enterprises. Portions from that hearing will be aired, including testimony by Franklin Raines, Fannie Mae’s Chairman and CEO and Armando Falcon, OFHEO director. In between these segments, financial reporters who have been covering these investigations will answer questions from viewers.
Representative Richard Baker and Barney Frank talked by telephone about the investigation. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
People in this video
- Barney Frank U.S. Representative [D] Massachusetts
- David Hilzenrath Correspondent Washington Post->Financial
Management of Fannie Mae
Witnesses testified before the committee about accounting irregularities at Fannie Mae. Representatives from the…
Fannie Mae Oversight
The House Financial Services Committee held an oversight hearing on the results of a recent investigation of accounting…
Oversight of Fannie Mae
Mr. Lockhart reviewed the final report by the Office of Federal Housing Enterprise Oversight on the accounting…
Federal Housing Programs
Subcommittee members reviewed the need to reform the regulatory structure that oversees government-sponsored housing…