Re: Where are they now? . . .

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

On Dec 28, 8:19 pm, Travis <baconl...@gmail.com> wrote:
>    ****
>
> *The three 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 it 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 to *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.****
>
>  ****
>
> Kinda makes you sick to your stomach.****
>
>  ****
>
> Our government seems to be rotten to the core !****
>
>  ****
>
> Are we stupid or what? Vote in 2012..it is the most important election of
> our lives...****
>
> ****

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