President nominates Fannie Mae board

April 1, 2005 | Uncategorized

AHI blog exclusive!

 

Washington, 1 Apr 05: President Bush today nominated five new directors to fill the vacancies in Fannie Mae’s board of directors.  “These six individuals,” the president said, “have unique insight and perspective to reorientate Fannie Mac strategery.”

 

Fannie_May_store

Going back to the core business …

 

Beyond their roles as directors, each will chair newly formed subcommittees, as follows:

 

Albert Dunlap, special director for organizational growth.

Bernard Ebbers, special director for financial control (telecommuting).

Bert Ely, special director for fiscal safety and soundness.

Paul Volcker, special director for compliance investigation.

J. C. Watts, special director for Congressional relations.

 

The group immediately announced plans to convene a newly formed subcommittee, Federal Oversight Of Lending.

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