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Two Top Fannie Mae Execs Forced from Posts

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Two Top Fannie Mae Execs Forced from Posts

Business

Two Top Fannie Mae Execs Forced from Posts

Two Top Fannie Mae Execs Forced from Posts

  • Download
  • <iframe src="https://www.npr.org/player/embed/4240245/4240246" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Two top executives at Fannie Mae are forced out of their jobs following questions over accounting irregularities. Fannie Mae CEO Franklin Raines and Chief Financial Officer Timothy Howard stepped down amid charges the company violated accounting rules in an effort to make its earnings appear less volatile. NPR's Jack Speer reports.