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Where are Jim,Tim,and franklin now?

posted 6/2/2012 9:13:04 AM |
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  Runaround_


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 John son'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?

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Comments:

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lamearsesite

Jun 2 @ 9:48AM  
It's not US that's stupid. None of us are borrowing a trillion dollars a year to pay our bills.
pinklipstick2

Jun 2 @ 10:23AM  
I have always said the general public is stupid . we believe the written word if it is written down it must be true . TV the same way reporters are the same way ,you heard on the news it must be true .Right ? wrong dead wrong. and when we do get out of our lazy funk we put our minds to work here comes a somebody who doesn't want us to question certain policy so they throw out an emotional issue to us like. a pack of starving dogs with one small bone . We take to it jumping on that stupid bandwagon growling snarling at each other and they carry on with what they want to . When will it stop when American people say no more . Will we IDK we are pretty damn stupid .

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Where are Jim,Tim,and franklin now?