Detailed text transcripts for TV channel - FOXNEWS - 20120111:20:38:00
>>shepard: topic two, fannie mae c.e.o., what does that mean? >>gerri: michael williams is resigning. folks wonder why. there are many reasons. he has been at fannie mae 20 years three as the c.e.o. and now he has been on the hot seat. congress investigating the c.e.o.'s from fannie mae and freddie mac testify in front of different panels and the s.e.c. now filing civil fraud charges against the predecessors. and congress is saying we are going to reduce your pay and get rid of your bonuses. the fact he resigns is not surprising. >>shepard: i was sad to hear host southeast -- hostess is going ...
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