Posted on 06/15/2008 2:01:42 PM PDT by dennisw
Much more information over here --->>
http://www.washingtonpost.com/wp-dyn/content/article/2006/05/23/AR2006052301751.html
(Excerpt) Read more at washingtonpost.com ...
Good numbers kept Wall Street happy. They paid the light bills for more than 50 partnership offices that represented Fannie Mae around the country. And they made top executives multimillionaires. Johnson received $21 million in his last year as chief executive and a consulting contract worth $600,000 a year.
http://www.washingtonpost.com/wp-dyn/content/article/2006/05/23/AR2006052301751.html
I was under the impression that the “looting” was through bundling a number of questionalble loans, then dumping them on Fannie May. But this, this was just outrageous compensation paid out to the highly placed officers there.
Kind of like the enormous compensations paid to Big Oil CEO’s and tied to their “golden parachutes”. What mutiple of the wages of the bookkeepers and clerks was the “annual compensation”, again?
Prices are falling as I type. /s
What evidence do we have that these guys are “Democrat Insiders”?
Check out the Soros connection.
Jamie “The Wall” Gorelick?
James Johnson, Franklin Raines and Jamie Gorelick are Democrat insiders. You should check out the others too.
http://canadafreepress.com/index.php/article/3395
More on James Johnson and the Bilderberg connection.
I have you in my eye sir....
2006? What have the RATS done since?
bump
Thanks for that link!!! Great article ;)
Good info here. Read between the lines....also see post #10!!!
WASHINGTON (AP) — Investors who want some say in how corporate executives are paid will know the next president supports their cause — but there are differences in how to get there.
Sen. Barack Obama, the presumptive Democratic nominee, has proposed writing the concept, known as “say on pay,” into law. Republican Sen. John McCain wants to encourage companies to give shareholders a say but without legislating the idea.
******
In March, the head of Countrywide Financial Corp. and the former heads of Merrill Lynch & Co. and Citigroup Inc. were called in for a public shaming before a House committee for pocketing hundreds of millions while the subprime mortgage crisis hammered their companies with losses.
******
Mar 31, 2008 ... Obama, campaigning in Pennsylvania, criticized Countrywide for its role in the subprime mortgage crisis and denounced the millions of dollars the company’s top executives will receive even as workers lose pensions and homeowners are forced to sell.
``What’s wrong with this picture?’’ Obama asked a crowd today in Lancaster, Pennsylvania. ``These are the folks who are responsible for infecting the economy and helping to create a home foreclosure crisis — 2 million people may end up losing their homes.’’
******
“Obama Aide Quits Under Fire for His Business Ties.” But that was the headline in The New York Times, with variations in other major papers. The aide in question was the head of Barack Obama’s vice presidential search committee, Jim Johnson, described by the Washington Post as “a consummate Washington insider.”
******
Countrywide, Obama said, paid off its executives while leaving homeowners with foreclosure notices.” He particularly criticized the company’s CEO for his excessive compensation and more generally “infecting the economy and helping to create a home foreclosure crisis,” which he linked not only to the 2 million who lost their houses but to school districts that couldn’t purchase supplies and pay teachers.
Jim Johnson, who got millions in loans from Countrywide. According to John Dickerson at Slate.com, “Now the man Obama has entrusted with what he has called the most important decision of his campaign is wrapped up in Countrywide and tied to the CEO.
If the MSM were truly enterprising, they’d track down what share of these bloated salaries found its way back into the coffers of the DNC...
Bump
Top Obama Insider Tied To Countrywide, Ran Fannie Mae
Jun 10, 2008
One of Barack Obama top talent scout is deeply tied to the mortgage overload mess. Jim Johnson is one of three people appointed by Obama the head up the search for his vice presidential selection. The problem is that Johnson took at least five real estate loans totaling more than $7 million from Countrywide, the Wall Street Journal reported on Saturday. The loans to ohnson were made through an informal program for friends of the company’s CEO, Angelo Mozilo, and were made at substantial discounts to prevailing market rates.
Johnson ran Fannie Mae from 1991 to 1996, and appointed Mozilo to Fannie Mae’s advisory board in 1996. He reportedly made $21 million in one year while working for Fannie Mae. So he didn’t exactly need that friends and family discount.
******
Eric Holder, Bill Clinton’s former Deputy Attorney General. Holder was involved in the pardon of Marc Rich, the Democratic donor who had fled the country. In March of 2003, the NYT wrote about the case. They make it clear that Holder is awash in cronyism, skirts ethics laws, had horrible judgement, and is simply incompetent. He also advocated for clemency for terrorists. And this is Obama’s primary advisor on his first decision as the Democratic nominee.
From the NYT:
A forthcoming Congressional report on the last-minute pardons by President Bill Clinton says Deputy Attorney General Eric H. Holder Jr. was a ‘’willing participant in the plan to keep the Justice Department from knowing about and opposing’’ a pardon for Marc Rich, the financier.
Holder met a representative of Rich’s at an event, where Holder recommended his friend Jack Quinn for the job:
Mr. Holder recommended hiring ‘’a lawyer who knows the process, he comes to me, and we work it out.’’ [...] Pressed for a name, the report says, Mr. Holder pointed to Mr. Quinn nearby, saying: ‘’There’s Jack Quinn. He’s a perfect example.’’
Why Quinn? Well, the favor factory was in play:
The panel criticized Mr. Holder’s conduct as unconscionable and cited several problems. It cited his admission last year that he had hoped Mr. Quinn would support his becoming attorney general in a Gore administration.
When Holder received the Rich materials, he did no independent research to determine their veracity and appears to have barely reviewed them. [...]
But he never took the time to check anything and simply told the White House that he was “neutral to positive” on the pardons.
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Jun 6, 2008 ... The Bilderberg Group meeting of course. Rather than taking the easier option of meeting at Clinton's Washington mansion, Obama and Hillary ...
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Jun 6, 2008 ... Despite the controversy of Obama and Hillary's secret meeting and its obvious link to the ongoing Bilderberg conference, ...
www.prisonplanet.com/articles/ june2008/060608_wont_deny.htm - 38k - More results from www.prisonplanet.com » |
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There are virtually no news stories on the just concluded (5 – 8 June 2008) Bilderberg meeting, in Chantilly, Virginia. This is not newsworthy, ...
digg.com/world_news/Obama_and_ Hillary_attend_Bilderberg_conference_2008 - 124k - |
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