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Message: OT - Fannie Mae and Obama

This was sent to me so I am not certain of its accuracy, but it is interesting.

The three who brought down Wall Street.

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.

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