Where are the three men who brought down Wall Streeat?

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ewilkerson's picture
ewilkerson
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Posts: 390
Where are the three men who brought down Wall Streeat?
Where are the three men who brought down Wall Street??? Surprise!
 
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.
 
Any comments?
 

ao's picture
ao
Status: Diamond Member (Offline)
Joined: Feb 4 2009
Posts: 2220
ewilkerson wrote: Where are
ewilkerson wrote:
Where are the three men who brought down Wall Street??? Surprise!
 
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.
 
Any comments?
 

The upside of this information is that what TSHTF, those in need know exactly which parties to go to, to obtain zero interest loans of indefinite duration with a non-payback option.

 

ewilkerson's picture
ewilkerson
Status: Gold Member (Offline)
Joined: Jul 18 2010
Posts: 390
LOL....Good clip.

LOL....Good clip.

darbikrash's picture
darbikrash
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Joined: Aug 25 2009
Posts: 573
ewilkerson
ewilkerson wrote:

-------------

 
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.
 
Any comments?
 

This is a resurrected email from the 2008 presidential campaign, and contains erroneous statements. It's a fake.

http://www.snopes.com/politics/obama/fanniemae.asp

radishcake's picture
radishcake
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Joined: Jun 11 2009
Posts: 38
This is my vote ...

For the three most responsible for bringing down Wall Street

EDIT: Shattering The Glass-Steagall Act

Poet's picture
Poet
Status: Diamond Member (Offline)
Joined: Jan 21 2009
Posts: 1892
Posting 2008 Chain E-mails Without Checking Snopes?

Darbikrash is right. Please, do fact-check. I saw this stuff going around a few years ago. Sad to see it is STILL being passed around. As they say, politics is all lies, lies, and damn lies.

If you, like me, dislike Obama, at least let's resort to facts. There are enough facts already, without having to re-post lies passed around back in 2008. Obama is basically the other side of Bush.

Again, here's the Snopes.com article:
http://www.snopes.com/politics/obama/fanniemae.asp

Poet

ewilkerson wrote:

Where are the three men who brought down Wall Street??? Surprise!

ewilkerson's picture
ewilkerson
Status: Gold Member (Offline)
Joined: Jul 18 2010
Posts: 390
I like Obama.  He just was

Sorry.  I should have been more clear.  A friend sent it to me as a joke, but the fact still remains that hardly anyone has been prosecuted where in the Savings And Load debacle 1000 men went to jail after 10,000 prosecutions..  They always learn to change the rules for next time.  They are like cockroaches.  You have to keep your foot on them.

I like Obama.  He just was dumped into a situation where the Dems are "Tax and Spend" and the Repubs "Haven't seen a tax cut they didn't like or a new weapons system they didn't want.."  Nothing gets done.  The interview between David Stockman and Chris is excellent.  EVERYONE should hear it.  I have it downloaded.   I think this might get you to it:

It was on here 9/30/2011.

JuanGalt's picture
JuanGalt
Status: Silver Member (Offline)
Joined: Sep 6 2011
Posts: 188
You like Obama? Really...

Surely you jest. You can't be serious.

You really have no clue what the man is about do you. I find him and Bush Jr. about as indefensable Presidents as there have been in recent memory, not that Clinton or Bush Sr. were any good but Bush Jr. and Obama are epically bad.

Obama is nothing but a paid teleprompter reading actor and puppet who is ill-equipped and imcompetent in presidential matters. He had no experience or true qualifications to lead this country and occupy the office of the president. He's quickly driving this country off a cliff and outdoing Bush Jr. in one term what it took the Bush family multiple terms to do. 

If you educate yourself you'll find that pretty much 90%+ of what comes out of Obama's mouth are lies and that he has not got the foggiest clue on how to improve this economy. He's also 100% corrupted and answers to others (PTB) who do not have America's best interests at heart. All his failed socialist policies have historically been proven to never work and continue to flop despite record gov't spending and massive intervention.

I also offer zero support or endorsement for Neocon candidates like Romney and especially people like Gingrich, Perry, Cain, Bachman and Santorum.

Do honest to goodness research and reading on Ron Paul (not just listen to what the bought and paid for corrupt biased mainstream media says) and tell me he is not a better candidate than these other clowns and crooks. Ron Paul is by no means a perfect candidate but once you look under the surface, understand the true context of important subjects you'll appreciate Paul's stances that much more and be shocked at what the other candidates actually represent and endorse.

You just have to be above the mental laziness and ignorance that spellbounds most of American society.

JG

ewilkerson's picture
ewilkerson
Status: Gold Member (Offline)
Joined: Jul 18 2010
Posts: 390
Ron Paul.  I want at least

Ron Paul.  I want at least half the military home.  I did vote Obama, but JuanGalt is right about all the others being tied into Wall Street  The whole financial and political system is corrupt.  That is one reason it is collapsing.  We don't need Peak Oil to do it.  Wall Street and DC have given us the finger.

It sure seems I can get a discussion going.  Hope everyone is doing well with their preparations.

Ernest

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