Posts Tagged ‘Franklin Raines’

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…

4th grade teacher lets Obama have it

June 27, 2010

Give this teacher and true American a standing ovation.
This 4th grade teacher has said it all, and she was brave enough to attach her name to it.

The White House
1600 Pennsylvania Avenue
Washington, DC  20500

Mr. Obama:

I have had it with you and your administration, sir.  Your conduct on your recent trip overseas has convinced me that you are not an adequate representative of the United States of America collectively or of me personally.

You are so obsessed with appeasing the Europeans and the Muslim world that you have abdicated the responsibilities of the President of the United States of America.  You are responsible to the citizens of the United States.  You are not responsible to the peoples of any other country on earth.

I personally resent that you go around the world apologizing for the United States telling Europeans that we are arrogant and do not care about their status in the world.  Sir, what do you think the First World War and the Second World War were all about if not the consideration of the peoples of Europe?  Are you brain dead?   What do you think the Marshall Plan was all about?  Do you not understand or know the history of the 20th century?

Where do you get off telling a Muslim country that the United States does not consider itself a Christian country?  Have you not read the Declaration of Independence or the Constitution of the United States?  This country was founded on Judeo-Christian ethics and the principles governing this country, at least until you came along, come directly from this heritage.   Do you not understand this?

Your bowing to the king of Saudi Arabia is an affront to all Americans.  Our President does not bow down to anyone, let alone the king of Saudi Arabia…. You didn’t show Great Britain, our best and one of our oldest allies, the respect they deserve, yet you bow down to the king of Saudi Arabia…  How dare you, sir! How dare you!

You can’t find the time to visit the graves of our greatest generation because you don’t want to offend the Germans but make time to visit a mosque in Turkey….  You offended our dead and every veteran when you give the Germans more respect than the people who saved the German people from themselves.  What’s the matter with you? I am convinced that you and the members of your administration have the historical and intellectual depth of a mud puddle and should be ashamed of yourselves, all of you.

You are so self-righteously offended by the big bankers and the American automobile manufacturers yet do nothing about the real thieves in this situation, Mr. Dodd, Mr. Frank, Franklin Raines, Jamie Gorelic, the Fannie Mae bonuses, and the Freddie Mac bonuses. What do you intend to do about them? Anything? I seriously doubt it.

What about the U.S. House members passing out $9.1 million in bonuses to their staff members on top of the $2.5 million in automatic pay raises that lawmakers gave themselves?  I understand the average House aide got a 17% bonus.  I took a 5% cut in my pay to save jobs with my employer.  You haven’t said anything about that.  Who authorized that?  I surely didn’t!

Executives at Fannie Mae and Freddie Mac will be receiving $210 million in bonuses over an eighteen-month period, that’s $45 million more than the AIG bonuses.  In fact, Fannie and Freddie executives have already been awarded $51 million; not a bad take.  Who authorized that and why haven’t you expressed your outrage at this group who are largely responsible for the economic mess we have right now?

I resent that you take me and my fellow citizens as brain-dead and not caring about what you idiots do.  We are watching what you are doing and we are getting increasingly fed up with all of you.

I also want you to know that I personally find just about everything you do and say to be offensive to every one of my sensibilities.  I promise you that I will work tirelessly to see that you do not get a chance to spend two terms destroying my beautiful country.

Sincerely,

Every real American

P.S.  I rarely ask that emails be ‘passed around’…..PLEASE SEND THIS TO YOUR EMAIL LIST…. It’s past time for all Americans to wake up!

Ms Kathleen Lyday
Fourth Grade Teacher
Grandview Elementary School
11470 Hwy. C
Hillsboro, MO   63050
(636) 944-3291 Phone
(636) 944-3870  Fax

This woman may lose her job for this letter..  I believe we owe it to her for expressing the outrage that we feel but fail to address.   Please pass this on.

IF SHE GETS FIRED THEN THEY NEED TO REPLACE THE SCHOOL BOARD.


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