Obama's Roots of Corruption - Where Are Fannie & Freddie Execs Now?

[Tea Party Founder]

Obama's Roots of Corruption - Where Are Fannie & Freddie Execs Now?

Millions of families are out of work or homeless and the seed of corruption remains eerily close to its source and continues to saps our nation's wealth.  Where Are the Now????

Read the answer at the end

WHERE ARE THEY NOW? Surprise!

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.

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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.

 

 

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.