© 2022 WYPR
20th Anniversary Background
WYPR 88.1 FM Baltimore WYPF 88.1 FM Frederick WYPO 106.9 FM Ocean City
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Fannie Mae Execs Testify on Hill

Top Fannie Mae executives defend the company's accounting practices in Congress. CEO Franklin Raines denied allegations the company had manipulated its books, telling lawmakers the controversy at the mortgage giant stems from different ways to interpret complex accounting rules. NPR's Jack Speer reports.

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.