Complex sentence: Franklin Delano "Frank" Raines (born January 14,1949) 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.
Split into simpler sentences: Franklin Delano "Frank" Raines (born January 14,1949) 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.