Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
Elections
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="moreluck" data-source="post: 934310" data-attributes="member: 1246"><p><span style="color: #1F497D"><strong>Does this surprise you ?</strong></span></p><p></p><p></p><p><strong><span style="color: black"><span style="font-family: 'Arial'"> WHERE ARE THEY NOW?</span></span></strong><span style="color: black"><span style="font-family: 'Arial'"> </span></span></p><p><span style="color: black"><span style="font-family: 'Arial'"></span></span></p><p><strong><span style="color: red"><span style="font-family: 'Arial'">The three who brought down Wall Street.</span></span></strong></p><p><strong><span style="color: red"><span style="font-family: 'Arial'"></span></span></strong></p><p><span style="color: black"><span style="font-family: 'Arial'">Here's a quick look into the <strong>three former Fannie Mae executives</strong> who</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'">brought down Wall Street.</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'"></span></span></p><p><span style="color: black"><span style="font-family: 'Arial'"></span></span></p><p><strong><span style="color: #FF1E16"><span style="font-family: 'Arial'">Franklin Raines</span></span></strong><span style="color: black"><span style="font-family: 'Arial'"> was a Chairman and Chief Executive Officer at Fannie Mae.</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'">Raines was forced to retire from his position with Fannie Mae when</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'">auditing discovered severe irregularities in Fannie Mae's accounting</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'">activities. Raines left with a "golden parachute valued at $240 Million in</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'">benefits. The Government filed suit against Raines when the depth of the</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'">accounting scandal became clear.</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'"></span></span></p><p><span style="color: black"><span style="font-family: 'Arial'"></span></span></p><p><strong><span style="color: red"><span style="font-family: 'Arial'">Tim Howard</span></span></strong><span style="color: black"><span style="font-family: 'Arial'"> - 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</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'">re gulators and the company's board of directors since concluded that</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'">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!</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'"></span></span></p><p><span style="color: black"><span style="font-family: 'Arial'"></span></span></p><p><strong><span style="color: #FF1E16"><span style="font-family: 'Arial'">Jim Johnson</span></span></strong><span style="color: black"><span style="font-family: 'Arial'"> - A former executive at Lehman Brothers and who was later</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'">forced from his position as Fannie Mae CEO. Investigators found that</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'">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.</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'">************************************************************************************** </span></span><strong><span style="color: red"><span style="font-family: 'Arial'">WHERE ARE THEY NOW?</span></span></strong></p><p><strong><span style="color: #183DF9"><span style="font-family: 'Arial'">FRANKLIN RAINES</span></span></strong><span style="color: black"><span style="font-family: 'Arial'">?</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'">Raines works for the </span></span><strong><span style="color: #FF1E16"><span style="font-family: 'Arial'">Obama</span></span></strong> <span style="color: black"><span style="font-family: 'Arial'">Campaign as his Chief Economic Advisor.</span></span></p><p><strong><span style="color: #183DF9"><span style="font-family: 'Arial'">TIM HOWARD?</span></span></strong></p><p><span style="color: black"><span style="font-family: 'Arial'">Howard is a Chief Economic Advisor to </span></span><strong><span style="color: #FF1E16"><span style="font-family: 'Arial'">Obama</span></span></strong><span style="color: black"><span style="font-family: 'Arial'"> under Franklin Raines.</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'"></span></span></p><p><strong><span style="color: #183DF9"><span style="font-family: 'Arial'">JIM JOHNSON?</span></span></strong></p><p><span style="color: black"><span style="font-family: 'Arial'">Johnson was hired as a Senior </span></span><span style="color: #FF1E16"><span style="font-family: 'Arial'">Obama</span></span><span style="color: black"><span style="font-family: 'Arial'"> Finance Advisor and was selected to run <strong>Obama's</strong> Vice Presidential Search Committee.</span></span></p><p><span style="color: black"><span style="font-family: 'Arial'"></span></span></p><p></p><p><span style="color: black"><span style="font-family: 'Arial'">Our government is rotten to the core !</span></span></p><p></p><p></p><p><span style="color: black"><span style="font-family: 'Arial'">Are we stupid or what? </span></span></p><p></p><p></p><p><span style="color: black"><span style="font-family: 'Arial'">Vote in 2012..it is the most important election of our lives...</span></span></p></blockquote><p></p>
[QUOTE="moreluck, post: 934310, member: 1246"] [COLOR=#1F497D][B]Does this surprise you ?[/B][/COLOR] [B][COLOR=black][FONT=Arial] WHERE ARE THEY NOW?[/FONT][/COLOR][/B][COLOR=black][FONT=Arial] [/FONT][/COLOR] [B][COLOR=red][FONT=Arial]The three who brought down Wall Street. [/FONT][/COLOR][/B] [COLOR=black][FONT=Arial]Here's a quick look into the [B]three former Fannie Mae executives[/B] who brought down Wall Street. [/FONT][/COLOR] [B][COLOR=#FF1E16][FONT=Arial]Franklin Raines[/FONT][/COLOR][/B][COLOR=black][FONT=Arial] 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. [/FONT][/COLOR] [B][COLOR=red][FONT=Arial]Tim Howard[/FONT][/COLOR][/B][COLOR=black][FONT=Arial] - 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 re gulators 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! [/FONT][/COLOR] [B][COLOR=#FF1E16][FONT=Arial]Jim Johnson[/FONT][/COLOR][/B][COLOR=black][FONT=Arial] - 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. ************************************************************************************** [/FONT][/COLOR][B][COLOR=red][FONT=Arial]WHERE ARE THEY NOW?[/FONT][/COLOR] [COLOR=#183DF9][FONT=Arial]FRANKLIN RAINES[/FONT][/COLOR][/B][COLOR=black][FONT=Arial]? Raines works for the [/FONT][/COLOR][B][COLOR=#FF1E16][FONT=Arial]Obama[/FONT][/COLOR][/B] [COLOR=black][FONT=Arial]Campaign as his Chief Economic Advisor.[/FONT][/COLOR] [B][COLOR=#183DF9][FONT=Arial]TIM HOWARD?[/FONT][/COLOR][/B] [COLOR=black][FONT=Arial]Howard is a Chief Economic Advisor to [/FONT][/COLOR][B][COLOR=#FF1E16][FONT=Arial]Obama[/FONT][/COLOR][/B][COLOR=black][FONT=Arial] under Franklin Raines. [/FONT][/COLOR] [B][COLOR=#183DF9][FONT=Arial]JIM JOHNSON?[/FONT][/COLOR][/B] [COLOR=black][FONT=Arial]Johnson was hired as a Senior [/FONT][/COLOR][COLOR=#FF1E16][FONT=Arial]Obama[/FONT][/COLOR][COLOR=black][FONT=Arial] Finance Advisor and was selected to run [B]Obama's[/B] Vice Presidential Search Committee. [/FONT][/COLOR] [COLOR=black][FONT=Arial]Our government is rotten to the core ![/FONT][/COLOR] [COLOR=black][FONT=Arial]Are we stupid or what? [/FONT][/COLOR] [COLOR=black][FONT=Arial]Vote in 2012..it is the most important election of our lives...[/FONT][/COLOR] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
Elections
Top
