Franklin Raines, CEO of Fannie Mae, appeared resigned to the attention his agency is getting when he spoke at a press conference earlier this year: “I’ve gone to Capitol Hill to answer questions from the Congress banking committee about 12 times in the last year. I’m happy to make it 13.” He must have thought such regular grillings were behind him.
In October 2000, Fannie and Freddie finally agreed a compromise with one of their longest-running critics, representative Richard Baker of the House banking committee.
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