Stephen Friedman, the former Goldman chief executive officer )CEO), became a director at Fannie, while James Johnson, Fannie's own CEO joined the Goldman board to chair the Compensation Committee. Countrywide, Fannie's partner-in-crime, ...
Pulitzer Prize Winner Offers Stinging Retelling Of Financial Collapse
Under Johnson, Fannie's primary goal changed to protecting -- at all costs -- the company's government ties and the riches that sprang from them.'' In order to generate loans, Fannie said that lack of credit history should not be seen as a negative ...