Where are Jim, Tim and Franklin from Fannie Mae now?

[Patricia M. McBride]

I am sharing this from a member of our group, and it is a shameful 

to have to realize these 3 men still hold responsible positions at 

the very top of our government after the havoc they have raised in the 

whole US economy.

............................................

Rotten, Rotten, Rotten

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. Guess he isn't going 

to use Joe this time. 

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...