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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (417855)9/18/2008 7:25:04 PM
From: steve harris  Read Replies (2) of 1576336
 
FNM did not get into trouble until the last three years.

three years?

let's see, 2008 minus three years is 2005..

Guess what happened in 2005?

Democrats blocked the Federal Housing Enterprise Regulatory Reform Act of 2005 that Bush supported and McCain cosponsored.

When did Obama's advisors work for the company?

Raines worked for Fannie Mae as CEO from 1999 to 2004, during which Fannie Mae cooked their books to inflate executives' bonuses. In 2008, the executives including Raines, settled out of court for $3 million, of which NONE was paid for by the defendants.

So tell me again why Obama has a man as economic advisor that cooked Fannie Mae's books to line his pockets with over $50 million?

I figured Raines would have been thrown under the bus by now, of course Obama is waiting on his liberal media to do the story first...
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