We need to get these politically-connected suckups to be subject to the same laws we all must obey.
Fannie Mae's board approved Raine's outrageous payout package. Let's shine some light on these people. Their names should be in every article printed about this scandal. Their actions make me think that they are helping cover up even more scandalous behavior by buying off this criminal. We will also report them and their companies to the SEC. Fannie Mae's Board Members' Enron-style accounting practices, and their fiscal irresponsibility, will be of interest to the SEC at this link:
enforcement@SEC.gov
FROM FANNIE MAE WEBSITE Fannie Mae has long combined excellent financial success with social responsibility. We fulfill our unique public mission through a strong management team. The day-to-day management of Fannie Mae and our approximately 5,055 employees is conducted by the corporation's officers, headed by the Interim Chief Executive Officer, and the Interim Chief Financial Officer. In 2004, the Administration declined to reappoint or replace the Presidential appointees to Fannie Mae's Board. Pursuant to current Charter Act provisions, those five Board positions will remain open unless and until the President names new appointees. To access any board member's biography, click on the Director's name.
FANNIE MAE BOARD MEMBERS
Stephen B. Ashley
Non-Executive Chairman of the Board, Fannie Mae
Chairman & Chief Executive Officer,
The Ashley Group
A group of commercial and multifamily real estate companies
Rochester, NY
Board member since 1995
Kenneth M. Duberstein
Chairman & Chief Executive Officer,
The Duberstein Group, Inc.
A strategic planning and consulting company
Washington, DC
Board member since 1998
Material relationship with Fannie Mae
Thomas P. Gerrity
Professor of Management,
The Wharton School
University of Pennsylvania
An educational institution
Philadelphia, PA
Board member since 1991
J. Timothy Howard
Resigned from Fannie Mae Board effective January 31, 2005
Ann Korologos
Lead Director, Fannie Mae
Vice Chairman, RAND Board of Trustees
A nonprofit organization
Washington, DC
Board member since 1994
Frederic V. Malek
Chairman,
Thayer Capital Partners
A private equity investment firm
Washington, DC
Board member since 2002
Donald B. Marron
Chairman & Chief Executive Officer,
Lightyear Capital
A private equity investment firm
New York, NY
Board member since 2001
Daniel H. Mudd
Vice Chairman & Interim Chief Executive Officer
Board member since 2000
Joe K. Pickett
Former Chairman & Chief Executive Officer,
HomeSide International Inc.
A mortgage banking company
Jacksonville, FL
Board member since 1996
Leslie Rahl
President & Founder
Capital Market Risk Advisors, Inc.
A financial advisory firm
New York, NY
Board member since 2004
H. Patrick Swygert
President,
Howard University
An educational institution
Washington, DC
Board member since 2000
John K. Wulff
Chairman of the Board,
Hercules Incorporated
A manufacturing company
Wilmington, DE
Board member since 2004
Last Revised: December 30, 2004
FANNIE MAE URL
http://www.fanniemae.com/governance/board/index.jhtml?p=Corporate+Governance&s=Board+of+Directors _____________________________________________
EMAIL your complaints about Fannie Mae's Board Members' Enron-style accounting practices, and fiscal irresponsibility at this link:
enforcement@SEC.gov