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To: maggief; onyx; penelopesire; SE Mom; Girlene; El Gato; BlueAngel; hoosiermama; shield; ...

*snip*

“After leaving the Justice Department, Gorelick served for six years as vice chairwoman of Fannie Mae and got caught up in the mortgage agency’s accounting controversy. In 2005, two years after Gorelick left Fannie Mae, a federal investigation into the public-private mortgage company found that accountants had falsified signatures to erase $9 billion in losses from the books.

Eliminating those losses resulted in Gorelick and four other Fannie Mae executives taking away six- and seven-figure bonuses in 1998.

The federal investigation found that Gorelick was paid more than $25 million during her time at Fannie, and the huge compensation received by Fannie Mae executives later became a major issue in Congress.”

Read more: http://www.politico.com/news/stories/0610/38645.html#ixzz0r93duomZ


23 posted on 06/17/2010 1:06:16 PM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, hunker down & go Galt)
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To: STARWISE
Gorelick served for six years as vice chairwoman of Fannie Mae and got caught up in the mortgage agency’s accounting controversy.

"Got caught up in!"

Like she was minding her own business, just having a picnic, and she "got caught up in" a sudden rainstorm.

She was one of the three or four main participants in a gross fraud that collectively made them hundreds of millions of dollars, but triggered a global economic collapse.

Got caught up in! I need to punch somebody in the mouth.

24 posted on 06/17/2010 1:10:39 PM PDT by dead (I've got my eye out for Mullah Omar.)
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To: STARWISE

The more material found, the more it looks orchestrated./tinfoil


28 posted on 06/17/2010 3:21:12 PM PDT by hoosiermama (ONLY DEAD FISH GO WITH THE FLOW.......I am swimming with Sarahcudah! Sarah has read the tealeaves.)
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