Franklin Raines Calls for Fannie Mae and Freddie Mac Reform

Franklin Raines, former CEO of Fannie Mae, said financial reform will not be complete without reform of Fannie Mae and Freddie Mac, in an interview with CNBC this afternoon.

CNBC: "The president spoke forthrightly about the need for financial regulatory reform. But I don't believe I ever heard him mention the words Fannie Mae or Freddie. Can you really reform finance in this country without reforming Fannie and Freddie?"

Raines: "In terms of reform dealing with "Too Big to Fail" and those issues, I think that ultimately you can't have a completely reformed system without figuring out what you're going to do with these two very large companies..."

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[GWhiz99]

FRANKlin DELAno Raines as CEO of FANNIE MAE is unrelated to watch?v=YsJyfJ0b-WA as is FREDDIE Mac. Still, middle name DELAno begins like DELAware, which is home to dOVER AFB, widely known as a reception point for U.S. servicemen and diplomats killed overseas. dOVER could evoke "D, OVER", like citing D-grade propaganda in time rollback schemes. The MAE in Fannie MAE could evoke recurring "trouble in the month of MAY" themes, linked to disaster and draft orders. Surname RAINES sounds like REIGNS

[klg1956]

What day did Congress become a majority for Democrats? November 6th, 2006.

[Archonis]

Why did Freddie Mac & Fannie Mae, under Franklin Raines, purchase the "SMART ENERGY" CAP & TRADE technology that is being put in your home to REGULATE YOUR POWER CONSUMPTION?

Patent No. 6904336 was approved by the U.S. Patent and Trade Office on Nov. 7, 2006