Link Testimony WASHINGTON, June 6, 2007 (AP) — Lawmakers and a federal regulator criticized the ousted former chief executive of Fannie Mae, Franklin D. Raines, on Tuesday as a House panel aired government accusations of a six-year accounting fraud at the mortgage giant. The chairman of the subcommittee holding the hearing, Representative Richard Baker, Republican of Louisiana, contended that Mr. Raines probably lied to Congress when he testified about the debacle in 2004. Lawmakers, some of whom had been beneficiaries of Fannie Mae's campaign money, denounced the accounting misconduct, likened the company to Enron and urged legislative action to tighten the government's hand over Fannie Mae and its smaller government-sponsored sibling, Freddie Mac. The regulator who oversees Fannie Mae, James B. Lockhart, acting director of the Office of Federal Housing Enterprise Oversight, testified that as a huge housing finance company chartered by Congress, "Fannie Mae has a special mandate and position of public trust." The management team led by Mr. Raines "violated that trust," he said. "There seems to be clear evidence to my mind that Mr. Raines perjured himself," Mr. Baker said, referring to Mr. Raines's October 2004 testimony before the panel, the House Financial Services subcommittee on capital markets. Mr. Raines's lawyer, Robert B. Barnett, declined to comment. A report issued by the oversight agency's examiners last month said that Fannie Mae employees manipulated accounting so senior executives could collect tens of millions in bonuses from 1998 to 2004. Mr. Raines is one of 30 current and former Fannie Mae executives and employees who are being reviewed for possible disciplinary action, termination or forfeiture of their bonuses.