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Fannie Mae Execs Testify on Hill

NPR | By Jack Speer

Published October 6, 2004 at 12:00 AM EDT

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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.

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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.