Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Skeeter Bug who wrote (131859)	8/30/2012 11:57:06 AM
From: longnshort	2 Recommendations Read Replies (3) of 132070

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....let me refresh your memory: 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 c ompany'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. This government is rotten to the core ! Are we stupid or what? Vote in 2012... It is the most important election of our lives !!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next