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Biography of Franklin Delano Raines

Franklin_Delano_Raines Birthdate: - ,

Birthname: Franklin Delano Raines

Birthplace:

Nationality: American

Height: cm

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Biography of Franklin Delano Raines:

1949 - Franklin Delano Raines was born on the 14th of January in Seattle, Washington.  Graduated from Harvard University, Harvard Law School; and Magdalen College, Oxford University as a Rhodes Scholar.

 1977-1979 - Served as Associate Director for Economics and Government in the Office of Management and Budget and assistant director of the White House Domestic Policy Staff.  Joined Lazard Freres and Co.

, and became a general partner.  1991-1996 - Became Fannie's Mae's Vice Chairman.

 1996-1998 - Director of the U. S.

Office of Management and Budget.  1999 - Returned to Fannie Mae as CEO, one of just a few African American CEOs of Fortune 500 companies.

 2006 - Fannie Mae announced it is suing Raines in order to recover some or all of the $50 million in payments made to Raines based on the overstated earnings.

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