Skip to comments.
Jamie Gorelick received $779,625 in improper bonus from Fannie Mae
OFHEO ^
| September 22, 2004
| Office of Federal Housing Enterprise Oversight
Posted on 09/23/2004 3:31:49 PM PDT by Dems_R_Losers
Federal regulator OFHEO yesterday released a damning report on accounting irregularities at mortgage finance giant Fannie Mae. One critical finding was that in 1998, Fannie misstated expenses in order to meet earnings targets that triggered huge executive bonuses. The report states:
1998 Salary and Bonus of Senior Fannie Mae Executives
Officer Title Salary AIP Award/Bonus
James A. Johnson Chairman and CEO $966,000 $1,932,000
Franklin D. Raines Chairman and CEO Designate $526,154 $1,109,589
Lawrence M. Small President and COO $783,839 $1,108,259
Jamie Gorelick Vice-Chairman $567,000 $779,625
J. Timothy Howard EVP and CFO $395,000 $493,750
Robert J. Levin EVP, Housing and Comm. Develop. $395,000 $493,750
TOPICS: Crime/Corruption; Extended News; Government; News/Current Events; Politics/Elections
KEYWORDS: corruption; democrat; fanniemae; gorelick
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-53 last
To: Mrs. B.S. Roberts
Oh. Ping. Oh yeah. Yer gonna love this.
41
posted on
09/23/2004 5:44:37 PM PDT
by
Bloody Sam Roberts
(Goonight, Mrs. Calabash...wherever you are.)
To: Dems_R_Losers
42
posted on
09/23/2004 5:47:02 PM PDT
by
Ann Archy
(Abortion: The Human Sacrifice to the god of Convenience.)
To: Lori675
Chief executive Franklin D. Raines and the board of directors were not singled out for blame, but the report criticized "a culture and environment that made these problems possible." Oh, I'd go further than that. I'd be willing to bet that every one of the Board of Directors conspired to structure things so they'd all get bonuses...and more
43
posted on
09/23/2004 5:47:22 PM PDT
by
Bloody Sam Roberts
(Goonight, Mrs. Calabash...wherever you are.)
To: Dems_R_Losers
This is disgusting. This corruption requires tar, feathers, and a rope.
To: Dems_R_Losers
45
posted on
09/23/2004 5:48:13 PM PDT
by
pointsal
To: Dems_R_Losers
Wow! Who the hey would ever know about this without a Freeper around...brilliant find.
I am ignorant of economics and their institutions, so may I ask: Is Fannie Mae a private, governement or combination institution? Those numbers seem to be private-side numbers...I would imagine civil servants can't make it to that bonus stratosphere.
46
posted on
09/23/2004 6:01:21 PM PDT
by
Pharmboy
(History's greatest agent for freedom: The US Armed Forces)
To: Lori675
Thanks for posting that. I just posted the juicier tidbits over on DU. Just the facts. No commentary. I'll go back in a while to see if I'm banned or if they're in a tizzy or what.
47
posted on
09/23/2004 6:16:59 PM PDT
by
Bloody Sam Roberts
(Goonight, Mrs. Calabash...wherever you are.)
To: Dems_R_Losers
48
posted on
09/23/2004 6:20:48 PM PDT
by
AEMILIUS PAULUS
(Further, the statement assumed)
To: cyborg
I had to show you this...
49
posted on
09/23/2004 6:23:38 PM PDT
by
Pharmboy
(History's greatest agent for freedom: The US Armed Forces)
To: Pharmboy
50
posted on
09/23/2004 6:25:59 PM PDT
by
cyborg
(http://mentalmumblings.blogspot.com/)
To: Dems_R_Losers
Got to keep the Rats out of the oval office.
51
posted on
09/23/2004 6:51:00 PM PDT
by
eternity
(From here to...)
To: Lori675
I'm one of the few around here who think Martha Stewart (even though she's a dem) was a darned bright businesswoman. And not only that, I subscribed to her magazine. Everything from her magazine that I made was perfect. She is a perfectionist. The prices for her products were right in line.
I think Gorelick will get off without a scratch, IMHO.
52
posted on
09/23/2004 8:49:13 PM PDT
by
Slip18
To: Bloody Sam Roberts
and yet, Martha Stewart goes to prison.....
53
posted on
09/23/2004 8:58:41 PM PDT
by
UCANSEE2
(Just because you are not paranoid, doesn't mean they aren't scanning your IP for your personal info.)
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-53 last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson