Armando Falcon

Armando Falcon, Jr. (born June 4, 1960) is the former Director of the Office of Federal Housing Enterprise Oversight (OFHEO),[1] a position he held from 1999-2005. During this period, he led an investigation of financial misconduct at Fannie Mae and Freddie Mac, is credited with raising early warning signs about the risks posed by both companies.[2]

Career

Prior to OFHEO, Falcon served on the legal staff of the Committee on Banking and Financial Services in the U.S. House, where he joined as Counsel in 1989 and was promoted to General Counsel in 1995. While at the Banking Committee, he acted as an adviser on many major financial issues, including the Savings and Loan crisis, and also helped to draft legislation regarding the Export-Import Bank, Deposit Insurance, Anti-Money Laundering, the Community Development Act and Government Securities Reform. He was also involved in the oversight of all financial regulators including the World Bank, the IMF, multilateral development banks, the Federal Reserve, the Office of the Comptroller of the Currency and other banking regulators.[3]

Before joining the Banking Committee, Falcon worked briefly as a private attorney and as a law clerk to the Texas Attorney General from 1986-1988.

Since 2009, Falcon has served on the advisory board of the Comptroller General of the Government Accountability Office. In addition, he is the CEO of Falcon Capital Advisors, a Washington-based consulting firm.

Please check out the book "The Mortgage Wars" by Timothy Howard at you local library or buy at your choice of book stores. Mr. Howard's expertise dwarfs Mr. Falcon's when it comes the housing and financial crisis. You'd think Mr. Falcon would sue Mr. Howard over the statements in Mr. Howard's book. He didn't. Ask yourself why.

Education

Falcon holds a J.D. from The University of Texas School of Law, as well as a masters in public policy from the John F. Kennedy School of Government at Harvard University and an undergraduate degree from St. Mary's University in San Antonio, TX.

Personal life

Armando Falcon currently resides in Virginia, and is married with two children.

See Also

References

  1. ↑ The Whistleblower They Ignored, The Nation. April 14, 2010.
  2. ↑ Skrzyncki, Cindy. A Gusty David Takes On a Goliath, The Washington Post. December 28, 2004.
  3. ↑ http://www.ofheo.gov/Director.asp

External links

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