Wednesday, May 2, 2012

Are ya mad yet?



Are ya mad yet? Well this should do it!!!

Where are Jim, Tim, and Franklin now?

   Just in case you might have wondered how their ineptitude affected their
   lives after they ruined so many dreams and lives.

   Where are Jim, Tim and Franklin now?

   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.

   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 is rotten to the core!!

   Are we stupid or what? Vote in 2012...it is the most important election of our lives...

 


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