Word: maes
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...director, deputy chief of staff and general counsel--as well as Karl Gallant, who had served as executive director of DeLay's political-action committee. Buckham's firm has a long and lucrative client list, which, according to its website, includes the American Bankers Association, BellSouth, Eli Lilly, Fannie Mae, R.J. Reynolds and Time Warner (parent of this magazine...
...medical technology, putting more kids on government-funded programs for low-income children and increasing funds to combat HIV/AIDS. The former heart surgeon also has some ideas the White House hasn't yet put out, including a plan that would create a health-care structure similar to what Fannie Mae does for mortgages. This week Frist testified before Congress about his trip to support tsunami relief efforts in Sri Lanka and attended a meeting of the Center for Strategic and International Studies HIV/AIDS task force, where he proposed a global health corps, modeled on the Peace Corps, that would send...
OUSTED. FRANKLIN RAINES, 55, as chairman and CEO of mortgage-finance giant Fannie Mae; days after the Securities and Exchange Commission found the company had violated accounting rules; in Washington. A former Clinton Administration official, Raines faces a possible fight over his severance benefits, which include a lifetime pension of more than $1.3 million a year...
...FFEL is an altogether different beast. Under FFEL the federal government subsidizes banks and other private companies to serve as intermediary actors, ensuring that they receive a baseline interest rate return and covering all default risks. Companies that get in on this sweet deal make out like bandits. Sallie Mae, the biggest player in this racket, is the second most profitable company in the Fortune 500, earning a pretty 36.9 percent return on revenues...
VALLIERE: The purest plays in this election are FREDDIE MAC and FANNIE MAE. The Republicans have taken a very harsh view on their line of credit with the Treasury, whereas Kerry really likes Freddie and Fannie. If it looks like Kerry is going to win, I think Freddie and Fannie would be clear winners. Democrats feel very strongly that the government's line of credit to Fannie and Freddie is desirable, that it promotes home ownership...