Results 1 to 5 of 5
  1. #1
    Join Date
    Jun 2002
    Location
    Dacula, GA
    Posts
    12,472

    Where are Jim, Tim and Franklin now?

    Check this out. Thank you Obama, thank you very much

    Birds of a feather stick together!
    > 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.
    >
    > 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 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 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.
    >
    > Kinda makes you sick to your stomach.
    > Are we stupid or what? Vote in 2012..it is the most important election of our lives...

    "I could have ended the war in a month. I could have made North Vietnam look like a mud puddle."
    "I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them. It is not to inaugurate new programs, but to cancel old ones that do violence to the Constitution."
    Barry Goldwater

  2. #2
    Join Date
    Dec 2000
    Location
    I'm an old cowhand from the Rio Grande
    Posts
    17,089
    Quote Originally Posted by glennac View Post
    Check this out. Thank you Obama, thank you very much

    Birds of a feather stick together!
    > 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.
    >
    > 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 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 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.
    >
    > Kinda makes you sick to your stomach.
    > Are we stupid or what? Vote in 2012..it is the most important election of our lives...

    Way out of date and still FALSE.


    http://www.snopes.com/politics/obama/fanniemae.asp
    Gods are fragile things; they may be killed by a whiff of science or a dose of common sense.

    Chapman Cohen

  3. #3
    Join Date
    Jan 2001
    Posts
    7,511
    I bet they all work for Herman Cain.

  4. #4
    Join Date
    Dec 2000
    Location
    I'm an old cowhand from the Rio Grande
    Posts
    17,089
    Quote Originally Posted by corny View Post
    I bet they all work for Herman Cain.
    Yes, they were the architects of Cain's 9-9-9 plan.
    Gods are fragile things; they may be killed by a whiff of science or a dose of common sense.

    Chapman Cohen

  5. #5
    Join Date
    Nov 2000
    Location
    Eastern PA
    Posts
    68,923
    Quote Originally Posted by glennac View Post
    Are we stupid or what? Vote in 2012..it is the most important election of our lives...
    Even if any of this turns out to not be accurate, collectively, yes, we "are" stupid.

    Looks like the fluff piece isn't exactly true, but those three have had dealings with Obama after their Fannie Mae debacle and are not in prison, so we are still just as stupid if we allow Obama to continue to be president.
    Government is a disease...
    ...masquerading as its own cure…
    Ecclesiastes 10:2 NIV


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Comfortech Show Promo Image

Related Forums

Plumbing Talks | Contractor Magazine
Forums | Electrical Construction & Maintenance (EC&M) Magazine
Comfortech365 Virtual Event