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SPANKING FANNIE MAE, CONTD.

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By Michelle Malkin  •  December 21, 2004 10:55 PM

Finally. Fannie Mae CEO and Clinton crony Franklin Raines is out. CFO Timothy Howard and Fannie Mae’s accounting firm KMPG got the axe, too.

“Nobody takes pleasure in the misfortune of others, but we can be grateful that none of the terrible activities disclosed to date has had any negative consequences on the taxpayers or the housing market,” said Rep. Richard Baker, R-La., and a member of the House Financial Services Committee.

Thank God for small favors.

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Spanking Fannie, Pt I

Posted in: Subprime crisis