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Fannie Mae Execs Testify on Hill

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Fannie Mae Execs Testify on Hill

Business

Fannie Mae Execs Testify on Hill

Fannie Mae Execs Testify on Hill

  • Download
  • <iframe src="https://www.npr.org/player/embed/4073690/4074542" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Top Fannie Mae executives defend the company's accounting practices in Congress. CEO Franklin Raines denied allegations the company had manipulated its books, telling lawmakers the controversy at the mortgage giant stems from different ways to interpret complex accounting rules. NPR's Jack Speer reports.

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