FANNIE'S EX-CEO, DAN MUDD, ON THE RESCUE-AND WHERE HOUSING IS HEADED

摘要

Last September, when the government took over Fannie Mae, CEO Dan Mudd was dismissed. He had logged an impressive career in business, rising to chief executive of GE Capital Japan before becoming vice-chairman and chief operating officer of Fannie under Franklin Raines in 2000. When Raines stepped down amid a scandal in 2004, Mudd took charge. But after the Federal Housing Finance Agency placed Fannie and Freddie Mac in a conservatorship, Mudd and his board were ousted. Since then, Mudd has been on the sidelines, but he has strong views on how the bailout is being handled. We talked on Mar. 3, the day after the Dow swooned to below 6,800 and David M. Moffett, whom regulators had appointed CEO of Freddie, resigned after six months. On Mar. 4, President Obama announced new details of a plan to bolster at -risk homeowners and the housing market.