Barack Obama has no economic background. So, who advises him? On economic housing and mortgage policy it is: Disgraced former Fannie Mae CEO Franklin Raines ! Shocking...[ SEPTEMBER 2008 ]\n\n---------------------------------------\n\nDecember 22, 2004 - NEW YORK (CNN/Money) - Fannie Mae ousted CEO Franklin Raines and finance chief Timothy Howard after regulators found accounting problems at the giant mortgage company. \n\nFannie Mae\'s embattled chief executive is stepping down along with Howard, the company said in a statement late Tuesday night. Fannie Mae also said it has fired its independent auditor, KPMG. \n\n\"Although to my knowledge the company has always made good faith efforts to get its accounting right, the SEC has determined that mistakes were made. Bymy early retirement, I have held myself accountable,\" Raines said in a three-paragraph statement. \n\nFannie Mae, the nation\'s largest mortgage finance company, was created by Congress to help low- and middle-income families buy homes. advertisement, attack, ayers, barack, bill, chicago, church, collapse, dishonest, economic, Fannie, financial, Franklin, fraud, Freddie, friend, incompetent, Jeremiah, john, liar, Mac, Mae, mccain, michelle, obama, palin, political, post, Raines, reverend, sarah, scandal, terrorist, trinity, washington, william, Wright