Britta Rivera Venture

CHICAGO REAL ESTATE NEWS & MORE

1/10/12: FANNIE MAE CEO & PRESIDENT RESIGNS; MICHAEL WILLIAMS

This weeks announcement that the CEO and President for Fannie Mae, Michael Williams plans to resign, is probably no surprise. Although they hired Williams when their troubles became even more clear back in 2009, he had little impact.

The company released this statement today; ”The time is right to turn over the reins to a new leader”, but no other reason was given. However, it probably had something to do with November’s net third-quarter loss of $5.1 Billion. Their total bailout total is up to $112.6 billion, which sounds like they moved backward instead of forward.

Read more: 1/10/12: FANNIE MAE CEO & PRESIDENT RESIGNS; MICHAEL WILLIAMS.

Advertisements

January 15, 2012 - Posted by | REAL ESTATE NEWS | , , ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: