And so Fannie Mae produces very strong results for investors in – when interest rates are high and when interest rates are low, in recession and during booms.
Franklin Raines Quotes
And so we have to be careful with looking at additional stimulus that we don't provoke an increase in the bond rate and then offset a lot of the stimulus we've already got.
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| Birth: | 14th January, 1949 |
| Nationality: | American |
| Profession: | Businessman |
About
Franklin Delano "Frank" Raines was born in Seattle, Washington, USA. He is an American businessman. He is the former chairman and chief executive officer of the Federal National Mortgage Association, commonly known as Fannie Mae, who served as White House budget director under President Bill Clinton. He graduated from Harvard College, Harvard Law School; and Magdalen College, Oxford University, as a Rhodes Scholar.
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