Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Thanks to YOUR generosity, we met our funding goal!!! THANK YOU to everyone who made UPR’s Fall Fund Drive a success. Didn’t get a chance to donate? You still can!

Fannie Mae's CEO, CFO Step Down

Fannie Mae's Franklin Raines retires as CEO, and Timothy Howard resigns as CFO of the mortgage giant. This comes a few weeks after the Securities and Exchange Commission told Fannie Mae to restate its earnings, which could force the company to record a loss of as much as $9 billion. Hear NPR's Jack Speer.

Copyright 2004 NPR

Jack Speer
Jack Speer is a newscaster at NPR in Washington, DC. In this role he reports, writes, edits, and produces live hourly updates which air during NPR programming.