Stole this:

Where are Jim, Tim, and Franklin now?

Just in case you might have wondered how their ineptitude affected their lives afterthey 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 t o 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 runObama's Vice Presidential Search Committee.


Sounds legit to me.


--Steve

Serowbot wrote on 09/26/12 at 11:14:47:




& who had their fraudulently obtained $$$ taken awaY

Who went to jail?


This is one Horribly Corrupt country.


^& No  One needs to come back at me justifying it by pointing to others that are worse. This is to everyone, not pointed at the Rowboat, he just showed me where they went,

Until we see accountability, real [penalties, like, Take everything they stole & PLenty of prison time, we do not live in a free country,.
If YOU did that & got busted, youd lose every penny & owe restitution on top of it & go the pen,.
Different rules for the White Shoe boys.

& Hey,, lets not forget, THEY want US to KNow the law will not allow such stuff to go on,, remembr what they did to Martha Stewart? Look at the damage these criminals have done,, the $$$$ they stole & what happens to them? They must know where some bodies are buried