Ousted Fannie Mae CFO Timothy Howard: "the 'GSE model' for the secondary mortgage market was not flawed..."It was sabotaged."
I bet his book will be interesting...
American Banker-An overhaul of Fannie Mae and Freddie Mac continues to draw chatter in Washington, prompting a number of people to break long-held silence on the legacy of the government-sponsored enterprises.
Adding his voice to the conversation is former Fannie Mae CFO Timothy Howard, who was ousted in late 2004 along with then-CEO Franklin Raines. Howard, who spent 15 of his 22 years at Fannie Mae running its mortgage investment portfolio, is releasing a book Dec. 2, "The Mortgage Wars," to present his view of what burst the housing bubble and created the 2008 financial crisis.
image: American Banker