Franklin Raines is an accomplished American businessman and former politician known for his significant influence in the finance sector and government. He served as the CEO of Fannie Mae, where he played a pivotal role in expanding the company’s role in the housing finance market. His tenure, however, was also marked by controversy, particularly regarding accounting practices, which eventually led to his resignation amid scrutiny. Before heading Fannie Mae, Raines held numerous prestigious positions, including serving as the director of the Office of Management and Budget under President Bill Clinton. His background in economics and public policy positioned him as a key figure in discussions surrounding housing finance reform during his career. Raines is often noted for his expertise in leveraging financial instruments to enhance housing accessibility. After leaving Fannie Mae, Raines continued to be involved in various business ventures and served on several corporate boards, showcasing his ability to navigate complex economic environments. His legacy remains a blend of significant contributions to housing policy and the ensuing challenges that arose during his leadership at Fannie Mae. Franklin Raines is an accomplished American businessman and former politician known for his significant influence in the finance sector and government. He served as the CEO of Fannie Mae, where he played a pivotal role in expanding the company’s role in the housing finance market. His tenure, however, was also marked by controversy, particularly regarding accounting practices, which eventually led to his resignation amid scrutiny. Before heading Fannie Mae, Raines held numerous prestigious positions, including serving as the director of the Office of Management and Budget under President Bill Clinton. His background in economics and public policy positioned him as a key figure in discussions surrounding housing finance reform during his career. Raines is often noted for his expertise in leveraging financial instruments to enhance housing accessibility. After leaving Fannie Mae, Raines continued to be involved in various business ventures and served on several corporate boards, showcasing his ability to navigate complex economic environments. His legacy remains a blend of significant contributions to housing policy and the ensuing challenges that arose during his leadership at Fannie Mae.