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FANNIE MAE GIVES RAINES THE BOOT (clinton's Budget Director)
New York Post ^ | 12/22/04 | PAUL THARP

Posted on 12/22/2004 12:33:23 AM PST by kattracks

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1 posted on 12/22/2004 12:33:24 AM PST by kattracks
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To: kattracks

pwn3d.

2 posted on 12/22/2004 12:37:56 AM PST by martin_fierro (</pith>)
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To: kattracks
vowed he would fall on the sword if any accounting problems were proved.

So has anyone heard a loud 'OUCH' yet?

3 posted on 12/22/2004 12:38:00 AM PST by PistolPaknMama (And unto us a Child is born! Merry Christmas, dear FReepers!)
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To: PistolPaknMama

Bubba's name shows up in a lot of articles of this type. I wonder if thats a coincidence? /sarcasm


4 posted on 12/22/2004 12:49:19 AM PST by libs_kma (USA: The land of the Free....Because of the Brave!)
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To: martin_fierro
HOMEOWned!

5 posted on 12/22/2004 12:49:47 AM PST by Do not dub me shapka broham (Why did it take me so long to come up with a new tag-line, huh?! What's up with that?)
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To: kattracks

But...but...but Clinton GAVE us that great exonomy...


6 posted on 12/22/2004 12:50:23 AM PST by Darkwolf377 (Atheist federal employees-- demand to work on Christmas!)
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To: kattracks

Why did it take so friggin' long!?!


7 posted on 12/22/2004 12:51:01 AM PST by Petronski (A suitable case for treatment.)
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To: martin_fierro
I saw Raines in the hearings on C-SPAN -he was definitely aware and padding his pockets with ill gotten 'bonus' monies.
8 posted on 12/22/2004 12:52:53 AM PST by DBeers
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To: Petronski; cyborg
Give 'im a break!

The man is a "Rhodes scholar."

That means he went to Greece or something, right?

9 posted on 12/22/2004 12:53:28 AM PST by Do not dub me shapka broham (Why did it take me so long to come up with a new tag-line, huh?! What's up with that?)
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To: Do not dub me shapka broham

LOL


10 posted on 12/22/2004 12:53:44 AM PST by cyborg (http://www.zimbabwesituation.com/flamelily.html)
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To: Do not dub me shapka broham

Rhodesia


11 posted on 12/22/2004 12:55:37 AM PST by Petronski (A suitable case for treatment.)
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To: kattracks

Not at all startling when you consider the folks the Clintons took a liking to.


12 posted on 12/22/2004 12:57:25 AM PST by thoughtomator (Nobody expects the secular inquisition!)
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To: thoughtomator

I am just shocked! When will all the money be found and how do they always seem to get away with it?Errrrrr


13 posted on 12/22/2004 1:27:41 AM PST by newzhawk
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To: kattracks
The ouster of Chairman and CEO Franklin Raines was startling because he'd been an important Washington insider for years.

Fannie Mae is obviously racist in its retention policies. How could such an important Washington insider be let go? I mean - he's an important Washington insider and all. Doesnt that trump everything?

14 posted on 12/22/2004 1:59:53 AM PST by capydick ("History does not long entrust the care of freedom to the weak or timid." --President Dwight Eisenho)
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To: kattracks
So when does he go to jail ? Oh, he doesn't...

Stupid people steal money with a gun or a knife... smart people do it with the stroke of a pen...

15 posted on 12/22/2004 3:33:34 AM PST by ikka
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To: kattracks
1. The financial statements weren't "bungled". They were "cooked".

2. No one working for a "quasi-governmental" corporation has any right to earn $20 million per year base salary.

3.It is time and long past time for the U.S. Govt. to get out of the mortgage business. Fannie, Freddie should be privatized.

Regards,

16 posted on 12/22/2004 3:36:45 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: kattracks
The first time I ever heard of Franklin Raines was right after President Clinton appointed him to be head of the Budget Office. On C-Span, Brian Lamb asked Mr. Raines what his office's budget was, and his response was somewthing along the line of, "I don't know. That's what I have staff for."

From my perspective, Franklin Raines is a HUGE symptom of what is wrong with big government. And not much of an endorsement for Rhodes Scholars, either.

17 posted on 12/22/2004 3:37:24 AM PST by Bernard (Caution Ahead - Road being Paved with Good Intentions)
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To: Jimmy Valentine

Since the numbers were cooked, and those numbers were used to determine is bonus..will the regulators demand disgorgement?


18 posted on 12/22/2004 3:38:55 AM PST by ken5050 (Ann Coulter needs to have children ASAP to propagate her gene pool. Any volunteers?)
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To: kattracks

Bungling? That's an interesting euphemism for it.


19 posted on 12/22/2004 3:40:50 AM PST by mewzilla
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To: kattracks

this guy will be heading to prison.


20 posted on 12/22/2004 3:41:00 AM PST by Walkingfeather (q)
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