Report on Fannie Mae

Officials released a report of a special examination of Fannie Mae and answered questions from reporters about the content of the report. The… read more

Report on Fannie Mae Officials released a report of a special examination of Fannie Mae and answered questions from reporters about the content of the report. The also announced a settlement with Fannie Mae that included more than $400 million in penalties.

The report found that former Fannie Mae CEO Franklin Raines and other executives deliberately manipulated the company’s earnings to meet targets that would trigger performance bonuses. Mr. Raines earned more than $90 million in compensation from 1998 to 2003, with more than $52 million of that salary coming from bonuses tied to meeting earnings-per-share targets. close

People in this video

  • Peter Brereton Assistant Director Department of Housing and Urban Development->Office of Fed. Housing Enterprise Oversight
  • C. Christopher Cox Chair Securities and Exchange Commission
  • Wanda DeLeo Chief Accountant Department of Housing and Urban Development->Office of Fed. Housing Enterprise Oversight
  • Christopher Dickerson Chief Examiner Department of Housing and Urban Development->Office of Fed. Housing Enterprise Oversight
  • James B. Lockhart III Acting Director Department of Housing and Urban Development->Office of Fed. Housing Enterprise Oversight
  • Linda C. Thomsen Director Securities and Exchange Commission->Division of Enforcement
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Report on Fannie Mae

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Program ID:
192657-1
Category:
News Conference
Format:
News Conference
Location:
Washington, District of Columbia, United States
First Aired:
May 23, 2006 | 9:13pm EDT | C-SPAN 2
Last Aired:
May 27, 2006 | 4:35pm EDT | C-SPAN 1

Airing Details

  • May 23, 2006 | 9:13pm EDT | C-SPAN 2
  • May 24, 2006 | 2:23am EDT | C-SPAN 2
  • May 24, 2006 | 6:05am EDT | C-SPAN 1
  • May 27, 2006 | 4:35pm EDT | C-SPAN 1
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