Tuesday, December 09, 2008
Corporate Accountability
Corporate Accountability
Committee Holds Hearing on Collapse of Fannie Mae and Freddie Mac
The Committee held a hearing titled, “The Role of Fannie Mae and Freddie Mac in the Financial Crisis” on Tuesday, December 9, 2008, in 2154 Rayburn House Office Building. The hearing examined the extent to which the actions and policies of Fannie Mae and Freddie Mac may have contributed to the ongoing crisis.
The following witnesses testified:
- Leland Brendsel, former CEO, Freddie Mac
- Daniel Mudd, former CEO, Fannie Mae
- Franklin Raines, former CEO, Fannie Mae
- Richard Syron, former CEO, Freddie Mac
- Charles Calomiris, Arthur Burns Scholar in International Economics, American Enterprise Institute
- Arnold Kling, adjunct scholar, Cato Institute
- Edward Pinto, former Chief Credit Officer, Fannie Mae; real estate financial services consultant
- Thomas Stanton, fellow, Center for the Study of American Government at Johns Hopkins University
Documents and Links
Letter to Fannie Mae (123 KB)- Letter to Freddie Mac (119 KB)
- Chairman Waxman's Opening Statement (168 KB)
- Accompanying Documents to Chairman Waxman's Opening Statement (4 MB)
- Testimony of Leland Brendsel (23 KB)
- Testimony of Daniel Mudd (31 KB)
- Testimony of Franklin Raines (70 KB)
- Testimony of Richard Syron (23 KB)
- Statement of Rep. Kanjorksi (18 KB)
- Memo Regarding NINA Mortgages (342 KB)
- Cambridge Retreat Summary (984 KB)
- Excerpts from January 2007 Subprime Policy Update (56 KB)
- Testimony of Charles Calomiris (48 KB)
- Testimony of Arnold Kling (83 KB)
- Testimony of Edward Pinto (4 MB)
- Testimony of Thomas Stanton (106 KB)
