Word: maes
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Dates: during 1990-1999
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...dollars, first as a partner doing municipal finance at the manhattan investment house lazard freres. when the travel for that job became too much for a man with a young family, he accepted an offer to become vice chairman of the federal national mortgage association, known as fannie mae, the nation's largest investor in home mortgages. his family's rocky beginnings, he says, "have a way of focusing your attention on making sure that you'll be economically successful, because you remember when you weren't." yet economic security has never insulated raines from the realities of race...
...true that a credible plan for balancing the budget might lead to lower interest rates, helping anybody who borrows to buy a car or house. Fannie Mae estimates families might save $100 a month on each $100,000 borrowed. A strong case could be made, too, that adopting the recommendations of the Boskin Commission would spread the pain of balancing the budget as widely and mildly as possible. The elderly would still have their Social Security pensions raised next year, though by an average $13 a month rather than $21. A median family of four would pay $37 in extra...
...others. To make the trains run on time, Elizabeth Dole had forced Reed to bring in Donald Rumsfeld, a Ford-era Defense Secretary with a buttoned-down style. Reed and his new favorite, John Buckley, became the campaign's twin partners, ruling on everything. Buckley, a refugee from Fannie Mae who became communications director in June, was someone who Reed boasted would be the big-think "corporate guy." Corporate was just about right, thought Murphy...
Following his tenure in the Carter Administration, Raines joined and became the youngest partner of the investment banking firm of Lazard Freres & Co. He currently serves as the vice chair of Fannie Mae, and he is credited with moving the agency into the technological future...
...addition to his current position at Fannie Mae, Raines serves on the Board of Directors of Pfizer Inc. and The Boeing Company. He is Chair of the Visiting Committee of the Harvard Kennedy School of Government and was the former president of the Board of Trustees of the German Marshall Fund of the United States...