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Well we get the NAMES ?
All the Libs went off the deep end over bonus paid to AIG and Barny Franks demanded the names of those receiving the money. Now it turns out that Fan and Fred employees are getting $210Mil in bonuses
and they are the ones who caused this housing mess yet I don't hear any out cry from the Libs . Can we get those names and maybe send ACORN to their houses?
Don't hold back Bob tell us what you really think.
5 Answers
- LucySDLv 71 decade agoFavorite Answer
All of these liberal Obama supporters didn't even get kissed. lol!
Source(s): Myself - Anonymous1 decade ago
And you wont hear a peep. The last time was a show to keep people busy while Pelosi slammed that SPENDING bill of $3.7 Trillion down our throats!
- BrianLv 51 decade ago
ACORN was nothing compared to the AIG thing, as it caused a HUGE economic downturn, and the Government isn't as involved in ACORN as they are with AIG since they can't "own" it
- 1 decade ago
Thanks Bob for the information
Still, where is the out cry???? Where is the demand to have it repaid?? and taxed???
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- Anonymous1 decade ago
U.S. government takeover of Fannie Mae & Freddie Mac with their top execs advising OBAMA; Franklin Raines, former Clinton administration budget director; James Johnson, former aide to Democratic Vice President Walter Mondale; and Jamie Gorelick, former Clinton administration deputy attorney general. All three OBAMA-related executives earned millions in compensation from Fannie Mae. All three have been involved in mortgage-related financial scandals.
Johnson earned $21 million in just his last year serving as Fannie Mae CEO from 1991 to 1998. Johnson was appointed to head OBAMA's vice presidential selection committee, until a controversy concerning an alleged $7 million in questionable real estate loans he received on favorable terms from failed sub-prime mortgage lender Countrywide Financial surfaced and forced him to step down.
Raines earned $90 million in his five years as Fannie Mae CEO, from 1999 to 2004, Raines currently advises OBAMA on housing policy.
Gorelick earned an estimated $26 million serving as vice chair of Fannie Mae from 1998 to 2003. A panel chaired by Elena Kagan, dean and professor of law at Harvard Law School, speculated at the June two-day meeting of the American Constitution Society that Gorelick was a possible attorney general cabinet appointment if OBAMA should be elected president.
A review of Federal Election Commission records back to 1989 reveals OBAMA in his three complete years in the Senate is the second largest recipient of Freddie Mac and Fannie Mae campaign contributions, behind only Sen. Christopher Dodd, D-Conn. (Change?)
In contrast, McCain warned of the coming mortgage crisis as he pressed in 2005 for regulatory reform of Fannie Mae and Freddie Mac. McCain pointed out Fannie Mae's regulator had stated the company's quarterly reports of profit growth over the past few years were "illusions deliberately and systematically created" by the company's senior management, which resulted in a $10.6 billion accounting scandal.
The bill passed the House but was never brought up for a vote in the Senate, largely because of Democratic opposition to "CHANGE" in the Fannie Mae and Freddie Mac regulatory structure that remained in place until the Treasury takeover two weeks ago.
As evidenced by the failure to pass the Federal Housing Enterprise Regulatory Reform Act of 2005, the Democrats in Congress have repeatedly fought back Republican Party efforts to reform the two mortgage banking giants.
Instead, Democrats in Congress have sought to preserve the quasi-governmental status of the mortgage giants, seeing Fannie Mae and Freddie Mac as places to locate former top Democratic Party operatives, where they have earned millions in compensation, despite a continuing series of financial scandals. Enron-like accounting manipulation, for example, boosted earnings to a level at which massive executive bonuses could be paid.