Fannie Mae: Warnings, what warnings?
In shareholder lawsuits (such as those filed some time back against Fannie Mae), executive motivation often plays a role: were these honest mistakes, malfeasance of rogue underlings, or rot at the top? Messrs. Frank Raines (former CEO) and Timothy Howard (former CFO) have stoutly maintained that, although they were of course driven professionals, everything done [...]
