Fannie Mae: the implied story, Part 2: Maximizing executive bonuses
[For the introduction, see Part 1.]
[Quotes in green are from the OFHEO report (full document, .pdf), on which Fannie Mae declined to comment. Sentences are occasionally reformatted (bullets, boldface emphasis, inconsequential brief elisions) for clarity.]
Every melodrama needs a villain, and OFHEO leaves no doubt at whom its finger points:
When Franklin […]
