Bride & Groom MOM Subscribe

Find Local

Capital Comment Blog > Power Players

Lobster Guy? No, I’m the Fannie Mae Guy

Kevin M. Downey, a lawyer at Hogan & Hartson, knew something was up when he started getting phone calls from reporters asking about former Fannie Mae head Franklin Raines.

Downey, 43, doesn’t get a lot of press calls. Most of his clients are power companies, and few lawyers know more about things like the Public Utility Holding Company Act. Eventually he figured out he wasn’t the only local lawyer operating under the Kevin M. Downey name.

The more newsy Kevin M. Downey was representing Raines in the federal investigation into exorbitant bonuses and possible accounting fraud at Fannie Mae. This Downey, a 41-year-old Harvard law grad and partner at Williams & Connolly, engineered a settlement in April in which Raines’s insurer gave up $24.7 million to end the case but Raines admitted no wrongdoing.

While Raines’s Downey was spending the summer wrapping up details of the agreement, the other Downey was working on a pro bono case for a group of Maine lobstermen who were trying to win relief from federal regulations on the type of gear they can carry on their boats.

It’s the kind of case, Downey smilingly says, that required a lot of on-site research.

Although the two Kevin M. Downeys had never met, the rule about six degrees of separation applies. Brian P. Downey, brother of the W&C Kevin M. Downey, was a law-school classmate of the other Kevin M. Downey’s at Dickinson School of Law.

This article first appeared in the October 2008 issue of The Washingtonian. For more articles from that issue, click here

More>> Capital Comment Blog | News & Politics | Society Photos

 

Read Next

The Morning Buzz

Comments
blog comments powered by Disqus

Most Popular on Washingtonian

This Awesome Temporary Installation Occupies an Abandoned Building in Northeast

5 Great Hotels and Inns to Stay at in Bethany Beach, Lewes, and Rehoboth

DC Used to Have the Strangest Italian Restaurant in America

Things to Do in DC This Week August 3-5: Cayucas, Trivia at Denizens, and Citi Open Happy Hour

Astro Doughnuts & Fried Chicken Readies to Open in Falls Church

Q&A with DC Native Nyle DiMarco, America's Next Top Model's First Deaf Contestant

The Week in Food Events: Free Ice Cream, DC Beer Festival Kickoff, Mu Ramen Pop-Up

6 Great Swimming Holes Near Washington, DC

6 Can't-Miss Restaurant Openings This Week