Posts Tagged ‘Chairman’

Obama’s Continuing Corruption Exposed

January 5, 2012

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. The government filed suit against Raines when the depth of the accounting scandal became clear. Raines left with a “golden parachute valued at $240 million in benefits.

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 Adviser.

TIM HOWARD?
Howard is a Chief Economic Adviser to Obama under Franklin Raines.

JIM JOHNSON?
Johnson was hired as a Senior Obama Finance Adviser and was selected to run Obama’s Vice Presidential Search Committee.

Kinda makes you sick to your stomach. Our government seems to be rotten to the core! Are we stupid or what? Vote in 2012…it is the most important election of our lives…

PROGRESSIVE INSURANCE – Socialists in Disguise!

March 8, 2011

PROGRESSIVE INSURANCE is owned by Peter Lewis: Who is he?  Read this…
VERY IMPORTANT INFO TO PASS TO EVERYONE CONCERNED ABOUT THEIR COUNTRY.

You’ve seen and smiled at the Progressive Insurance TV commercials.

Well, you’re about to learn the rest of the story:

PROGRESSIVE AUTO INSURANCE

You know their TV commercials, the ones featuring the ditsy actress all dressed in white.  What you might not know is that the Chairman of Progressive is Peter Lewis, one of the major funders of leftist causes in America.

Between 2001 and 2003, Lewis funneled $15 million to the ACLU, the group most responsible for destroying what’s left of Americas Judeo-Christian heritage.

Lewis also gave $12.5 million to MoveOn.org and American Coming Together, two key propaganda arms of the socialist left.

His funding for these groups was conditional on matching contributions from George Soros, the America-hating socialist who is the chief financier of the Obama political machine.

Lewis made a fortune as a result of capitalism, but now finances a progressive movement that threatens to destroy the American free enterprise system that is targeting television shows on Fox News.

Peter Lewis is making a fortune off of conservative Americans (who buy his auto insurance) that he applies to dismantle the very system that made him wealthy.  He’s banking on no one finding out who he is, so, STOP buying Progressive Insurance and pass this information on to all your friends.

Verify at Snopes http://www.snopes.com/politics/business/peterlewis.asp


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