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Biden, johnson, and Raines ALL former freddie and fannie CEOS?! Is Obamas entire possie in bed with

devilisciousdeviliscious Member UncommonPosts: 4,359

Okay I  was trying to find the exact years each of these guys were with freddie and fannie, but for some reason now all of the pages are not displaying. They aren't even comming up in MSN's search, and the ones in google are vague. Does anyone have good links with information about this? I was able to find some last week.. but now there is something going on with them. Thanks.


  • BushMonkeyBushMonkey Member Posts: 1,406

    Try this one Devil... www.worldnetdaily.com/index.php

    As evidenced by the failure to pass the Federal Housing Enterprise Regulatory Reform Act of 2005, the Democrats in Congress have repeatedly fought back Republican Party efforts to reform the two mortgage banking giants.

    Instead, Democrats in Congress have sought to preserve the quasi-governmental status of the mortgage giants, seeing Fannie Mae and Freddie Mac as places to locate former top Democratic Party operatives, where they have earned millions in compensation, despite a continuing series of financial scandals. Enron-like accounting manipulation, for example, boosted earnings to a level at which massive executive bonuses could be paid.

    In the aftermath of the U.S. government takeover, attention has focused on three Democrats with close ties to Obama who served as Fannie Mae executives: Franklin Raines, former Clinton administration budget director; James Johnson, former aide to Democratic Vice President Walter Mondale; and Jamie Gorelick, former Clinton administration deputy attorney general.

    Johnson earned $21 million in just his last year serving as Fannie Mae CEO from 1991 to 1998; Raines earned $90 million in his five years as Fannie Mae CEO, from 1999 to 2004; and Gorelick earned an estimated $26 million serving as vice chair of Fannie Mae from 1998 to 2003, according to author David Frum, a fellow at the American Enterprise Institute.

    All three have been involved in mortgage-related financial scandals.

    Raines currently advises Obama on housing policy. < LMAO

    Johnson was appointed to head Obama's vice presidential selection committee, until a controversy concerning an alleged $7 millions in questionable real estate loans he received on favorable terms from failed sub-prime mortgage lender Countrywide Financial surfaced and forced him to step down.


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