Where are these Democrats now!
Just in case you might have wondered how their ineptitude affected their lives after they ruined so many dreams and lives ... allow me refresh your memory:
So, where are Jim, Tim and Franklin now?
Here is 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
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
Jim Johnson
... 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?
... works for the Obama Campaign as his Chief Economic Advisor.
TIM HOWARD?
... is a Chief Economic Advisor to Obamaunder Franklin Raines.
JIM JOHNSON?
... was hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee.
These three men, plus Barney Frank [D-MA] and Christopher Dodd [D-CT], were in the middle of the US financial catastrophe that started during the Bush 43 years. Bush tried to reign it in but Democrats controlled Congress. Add another Democrat to the list. It was the head of the US Treasury under Bush 43 - - Henry Paulson, 2006-2009. He was given control of the bailouts. While Obama continues to blame Bush 43 and Wall Street for all of our economic problems, Democrats were in control.
This Obama government is rotten to the core! Are we naive or just not paying attention? Vote in 2012. it is the most important election of our lives.
Source: One of those undocumented emails that circulates around the web.
Note from TheRightJack: Obama likes to blame the sorry US financial mess on the policies of the past. The policies of the past were created by Democrats and Republicans in the US Congress. Democrats had control of Congress for 40 years until the mid 1990s. Republicans went along to get along. Then Democrats took total control of Congress from 2006 to 2010. Then for two of those years, 2008 to 2010, Democrats had control of all three branches of the US government. Add to this, the actions by Jimmy Carter and Bill Clinton who fought hard for housing loans to people who could not make their loan payments. Obama blames Republicans for our mess but Democrats were in control and the Big Time Dying Democrat Media agrees with Obama. 8/6/12
WHERE ARE THEY NOW?
FRANKLIN RAINES?
... works for the Obama Campaign as his Chief Economic Advisor.
TIM HOWARD?
... is a Chief Economic Advisor to Obamaunder Franklin Raines.
JIM JOHNSON?
... was hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee.
These three men, plus Barney Frank [D-MA] and Christopher Dodd [D-CT], were in the middle of the US financial catastrophe that started during the Bush 43 years. Bush tried to reign it in but Democrats controlled Congress. Add another Democrat to the list. It was the head of the US Treasury under Bush 43 - - Henry Paulson, 2006-2009. He was given control of the bailouts. While Obama continues to blame Bush 43 and Wall Street for all of our economic problems, Democrats were in control.
This Obama government is rotten to the core! Are we naive or just not paying attention? Vote in 2012. it is the most important election of our lives.
Source: One of those undocumented emails that circulates around the web.
Note from TheRightJack: Obama likes to blame the sorry US financial mess on the policies of the past. The policies of the past were created by Democrats and Republicans in the US Congress. Democrats had control of Congress for 40 years until the mid 1990s. Republicans went along to get along. Then Democrats took total control of Congress from 2006 to 2010. Then for two of those years, 2008 to 2010, Democrats had control of all three branches of the US government. Add to this, the actions by Jimmy Carter and Bill Clinton who fought hard for housing loans to people who could not make their loan payments. Obama blames Republicans for our mess but Democrats were in control and the Big Time Dying Democrat Media agrees with Obama. 8/6/12
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