Industry NewsOpinion

Fannie, Freddie CEOs set for life

Perspective: Top executives – if guilty – should be fired, not retired
Published on Jan 24, 2005

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by CareyBot

Franklin Raines and Leland Brendsel, the former CEOs of mortgage finance giants Fannie Mae and Freddie Mac, respectively, were two of the most important and powerful executives in the country. Today, they're both officially retired from their posts in the wake of accounting scandals that erased billions of dollars in income from the two corporations' financial statements.

Neither executive has been charged with a crime in connection with the scandals that took place on their watches ...

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