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Where are Jim, Tim and Franklin now?

April 22 2012 at 1:21 PM

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

Howard is a Chief Economic Advisor to Obama under Franklin Raines.

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 is rotten to the core !

Are we stupid or what? Vote in is the most important election
of our lives...

 Respond to this message   

  1. Re: Where are Jim, Tim and Franklin now? - Anonymous on Apr 22, 2:44 PM
  3. It would be really bad, if it was TRUE - Anonymous on Apr 23, 2:54 PM
    1. since you cannot actually discover under what rock these - Anonymous on Apr 23, 3:58 PM
      1. someone is covering for them - Anonymous on Apr 23, 4:30 PM
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