Where are they now?

[fogtender]

This was an interesting read I got today, any comments?
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WHERE ARE THEY NOW?* Surprise Answer At The End...
The three men who brought down Wall Street.
*
Here's a quick look into the three former Fannie Mae executives who brought down Wall Street (Remember the housing bubble, and the recession?).
*
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.

So, 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!!!!
So, this is how we reward corruption and ineptness?
In a different administration these men could be in prison...
In another country, they could be executed...
Here, we make them part of Big Government.
No Change, No Transparency, and soon... No America.

 

[muleman]

As more is revealed his re-election will get harder and less likely. I still look for Hillary to jump in about July to save the Dems.

 

[joec]

As more is revealed his re-election will get harder and less likely. I still look for Hillary to jump in about July to save the Dems.

In all honesty muleman I wished she had won last time as well as run now. Too bad though as I have to take her at her word she is done with politics and public service. She would much prefer to travel with her husband and help her daughters budding political carrier.

 

[thcri]

Unfortunately too many people can't smell a rat. And I know this shit has been going on in the past but it is time to clean house.

 

[joec]

Unfortunately too many people can't smell a rat. And I know this shit has been going on in the past but it is time to clean house.

Not that I'm giving it my stamp of approval but this has always gone on in politics. As I've always said we get the best government money can buy and hope for the best by those without the means to pay. It is just a simple fact of the way it works regardless.