Friday, February 24, 2012

Obama's and his top economic advisers, bring down America!

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
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 seems to be rotten to the core !

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

No comments: