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Comment fonctionne notre forum => Accueil => Discussion démarrée par: MethrenRaf le Décembre 11, 2024, 05:01:09 pm
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Fannie Mae, the nation s second largest financial institution, forced out two top executives as it struggles to deal with an accounting scandal which will likely force it to wipe out $9 billion in profits over the past four years.Fannie Mae chief exe stanley cups (https://www.stanleycups.it) cutive Franklin Raines and J. Timothy Howard, the company s chief financial officer, stepped down Tuesday after lengthy negotiations between the Fannie Mae board and the company s chief government regulator, the Office of Federal Housing Enterprise Oversight.In a statement issued late Tuesday night, Raines said he had decided to leave to fulfill a pledge he made during congressional testimony in October that he would take the blame if serious accounting problems were found at the company. By my early retirement, I have held myself accountable, Raines said.A Fannie Mae statement announced that Howard had also resigned. The company said it had hired an executive s stanley cup (https://www.stanleycup.cz) earch firm to find replacements for the two men. Industry and congressional sources, who spoke on condition of anonymity, said Fannie Mae s board had been pressured by OFHEO during tense negotia stanley romania (https://www.stanleycups.ro) tions over the past several days to demand the resignations of both Raines and Howard. What the board was thinking in doing this was respecting the Securities and Exchange Commission s decision last week that said, basically, Fannie manipulated its earnings to make it look like the company was doing better than it actually did, report CBS MarketWatch s Rob Schroeder.OFHEO Di Ctop There s No Better Breakfast Than Scrambled Eggs at 39,024 FPS
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