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Home » Store » Taxable » OFHEO Details Fannie’s Regulatory Interference

OFHEO Details Fannie’s Regulatory Interference

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Not only did Fannie Mae try to muscle Congress during the Franklin Raines heydays, the GSE also interfered with an investigation by its regulator through its network of lobbyists and allies on Capitol Hill, according to OFHEO’s report on its special examination of Fannie. The institutional arrogance and intransigence seemed to start the day OFHEO opened its doors, when a pattern began to emerge in which Fannie’s general counsel routinely claimed OFHEO had no…
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