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Franklin Raines Quote

The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid.

Franklin Raines

The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid.

Tags: insurance, unemployment

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About Franklin Raines

Franklin Delano Raines (born January 14, 1949), also known as Frank Raines, is an American business executive. 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. His role leading Fannie Mae has come under scrutiny. He has been called one of the "25 People to Blame for the Financial Crisis" according to Time magazine.