Fannie Mae Execs new jobs

[Rolando2]

The three men who brought down Wall Street.

Here's a quick look into the three former Fannie Mae executives who
brought down Wall Street.


Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae.
Raines was forced to retire from his position with Fannie Mae when
auditing discovered severe irregularities in Fannie Mae's accounting
activities. Raines left with a "golden parachute valued at $240 Million in
benefits. The Government filed suit against Raines when the depth of the
accounting scandal became clear.

Tim Howard - was the Chief Financial Officer of Fannie Mae. Howard "was a
strong internal proponent of using accounting strategies that would ensure
a "stable pattern of earnings" at Fannie. Investigations by federal
regulators and the company's board of directors since concluded that
management did manipulate 1998 earnings to trigger bonuses.
Raines and Howard resigned under pressure in late 2004. Howard's Golden Parachute was
estimated at $20 Million!

Jim Johnson - A former executive at Lehman Brothers and who was later
forced from his position as Fannie Mae CEO. Investigators found that
Fannie Mae had hidden a substantial amount of Johnson's 1998 compensation
from the public, reporting that it was between $6 million and $7 million when in fact it was $21 million." Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae.
Johnson's Golden Parachute was estimated at $28 Million.
WHERE ARE THEY NOW?

FRANKLIN RAINES?
Raines works for the Obama Campaign as his Chief Economic Advisor.

TIM HOWARD?
Howard is a Chief Economic Advisor t o Obama under Franklin Raines.

JIM JOHNSON?
Johnson was hired as a Senior Obama Finance Advisor and was selected to
run Obama's Vice Presidential Search Committee.

 

[sufisaint]

 

[koalabear]

Business as usual for this admin..

 

[semen4her]

Business as usual for this admin..

That's the problem with morons like you.

It's not THIS administration, it's your broke ass/ corrupt system.

 

[Shagly]

The three men who brought down Wall Street.

Here's a quick look into the three former Fannie Mae executives who
brought down Wall Street.


Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae.
Raines was forced to retire from his position with Fannie Mae when
auditing discovered severe irregularities in Fannie Mae's accounting
activities. Raines left with a "golden parachute valued at $240 Million in
benefits. The Government filed suit against Raines when the depth of the
accounting scandal became clear.

Tim Howard - was the Chief Financial Officer of Fannie Mae. Howard "was a
strong internal proponent of using accounting strategies that would ensure
a "stable pattern of earnings" at Fannie. Investigations by federal
regulators and the company's board of directors since concluded that
management did manipulate 1998 earnings to trigger bonuses.
Raines and Howard resigned under pressure in late 2004. Howard's Golden Parachute was
estimated at $20 Million!

Jim Johnson - A former executive at Lehman Brothers and who was later
forced from his position as Fannie Mae CEO. Investigators found that
Fannie Mae had hidden a substantial amount of Johnson's 1998 compensation
from the public, reporting that it was between $6 million and $7 million when in fact it was $21 million." Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae.
Johnson's Golden Parachute was estimated at $28 Million.
WHERE ARE THEY NOW?

FRANKLIN RAINES?
Raines works for the Obama Campaign as his Chief Economic Advisor.

TIM HOWARD?
Howard is a Chief Economic Advisor t o Obama under Franklin Raines.

JIM JOHNSON?
Johnson was hired as a Senior Obama Finance Advisor and was selected to
run Obama's Vice Presidential Search Committee.

Ain't that America.

 

[RightField]

Was there ever any question about whether they were all democrats?

 

[Sam37]

Yet we wonder why the economy remains in the toilet...

 

[Liar]

FRANKLIN RAINES?
Raines works for the Obama Campaign as his Chief Economic Advisor.

TIM HOWARD?
Howard is a Chief Economic Advisor t o Obama under Franklin Raines.

JIM JOHNSON?
Johnson was hired as a Senior Obama Finance Advisor and was selected to
run Obama's Vice Presidential Search Committee.

And the rest of Obama's economic team comes directly from the top of the derivatives gambling and toxic asset defrauding financial firms that actually brought down Wall Street.

So even though your premise is fallacious, team Obama don't get a pass on this one.

 

[koalabear]

And the rest of Obama's economic team comes directly from the top of the derivatives gambling and toxic asset defrauding financial firms that actually brought down Wall Street.

So even though your premise is fallacious, team Obama don't get a pass on this one.

You mean team Clinton.

 

[Liar]

You mean team Clinton.

You talkin' Bil or Hil?

 

[koalabear]

You talkin' Bil or Hil?

Oblamers team Clinton, he hired them.

 

[Peregrinator]

Was there ever any question about whether they were all democrats?

The underlying premise of this question is that no Republican could ever commit fiscal malfeasance.

Is that a position you're prepared to defend?

 

[chillywilly2]

The underlying premise of this question is that no Republican could ever commit fiscal malfeasance.

Is that a position you're prepared to defend?

Republicans have too much respect for money to pull shit like that

 

[koalabear]

The underlying premise of this question is that no Republican could ever commit fiscal malfeasance.

Is that a position you're prepared to defend?

More partisan bullshit,good job merc.

 

[christy1989]

http://www.snopes.com/politics/obama/fanniemae.asp

snopes disagrees. Who to believe?? Hmmmm???

 

[TexasWife25]

http://www.snopes.com/politics/obama/fanniemae.asp

snopes disagrees. Who to believe?? Hmmmm???

Where is the like button!

 

[christy1989]

Where is the like button!

IDK? But they need one. Thanks!

Anybody ever get that email about Oliver North knowing all about Bin Laden way back in the Reagan era, but no one would listen to him? That was a pretty good hoax too!

 

[Peregrinator]

Was there ever any question about whether they were all democrats?

More partisan bullshit,good job RF.

Indeed.

Republicans have too much respect for money to pull shit like that

There are no historical cases of Republicans committing fiscal crimes?


My point, for the dim and marsupial, is that this sort of crime isn't confined to a single party.

 

[Ham Murabi]

Indeed.


There are no historical cases of Republicans committing fiscal crimes?


My point, for the dim and marsupial, is that this sort of crime isn't confined to a single party.

One would think their days in the political arena would be over after news of the scamming they inflicted on us got out.
Especially in an administration as ethical and open as this one.

 

[Peregrinator]

http://www.snopes.com/politics/obama/fanniemae.asp

snopes disagrees. Who to believe?? Hmmmm???

One would think their days in the political arena would be over after news of the scamming they inflicted on us got out.
Especially in an administration as ethical and open as this one.

Agreed, but I think that was covered by Snopes already.

 

[kotori]

...WHERE ARE THEY NOW?
...
JIM JOHNSON?
Johnson was hired as a Senior Obama Finance Advisor and was selected to
run Obama's Vice Presidential Search Committee.

http://www.snopes.com/politics/obama/fanniemae.asp

snopes disagrees. Who to believe?? Hmmmm???

I thought this was a little funny when I read the VP Search Committee line; as far as I know, Joe Bidden will be on the ticket. Thanks for the clarification, Christy.

The best policy is to believe nothing anyone says about anything during a political campaign. Every "fact" has to be checked, for as sure as rain, facts can be distorted and spun.

 

[JAMESBJOHNSON]

Gotta laff my ass off at you silly fuckers.

Fannie and Freddie fucked you for a few 100 million but Owebama and the GOP hosed you for lots more. Try this on:

The FICA break they gave you is really a tax hike cuz the FICA money is now taxed at the higher income tax rate.

 

[4est_4est_Gump]

The underlying premise of this question is that no Republican could ever commit fiscal malfeasance.

Is that a position you're prepared to defend?

Indeed.


There are no historical cases of Republicans committing fiscal crimes?

My point, for the dim and marsupial, is that this sort of crime isn't confined to a single party.

It has been confined to one party for one reason: The press votes overwhelmingly Democratic therefore they rush to Republican malfeasance with joy and exuberance while they have to be drug to attack Democrats by unignorable excess and even then, as we recently saw with Charlie Rangal, they want the issue to go away as quickly and as quietly as possible in the dead of the night so that they can get on with their job, we even saw that with Bill Clinton during the Lewinsky affair and Harry Reid during the Abramoff scandal. All it took was their say-so that they were on the up and up and that was okay with the press as were the forged faxes from a Texas Kinkos, damnit, the story was true, don't you know...



Now, who has gained the most from legal insider trading?

Who fought Bush in his attempt to reform Freddie and Fannie?

Who was dating an executive in the institution they had oversight in and who were the friends of Angelo?

Now, I have just one more question for you, who are the Republicans which helped bring us to this state, so I can help you and the press pass the blame on to them?