I am sharing this from a member of our group, and it is a shameful
to have to realize these 3 men still hold responsible positions at
the very top of our government after the havoc they have raised in thewhole US economy.
............................................
Rotten, Rotten, Rotten
Just in case you might have wondered how their
ineptitude affected their lives after they ruined
so many dreams and lives. Where are Jim, Tim and
Franklin now? 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. Guess he isn't going
to use Joe this time.
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...
If you're not already aware. This is what's going on in DC while dangerous criminals are allowed back out on the streets. It's horrifying that this is happening to our citizens and veterans for protesting the hijacking of our election process. This is still happening! They are STILL being tortured and treated like full on terrorists.
You may not be aware of the typical things they're forced to go through...…
ContinuePosted by Babs Jordan on August 14, 2022 at 8:44am
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