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The odds that there will be any repercussions for Raines, Gorelick, et al, are similar to the odds that Sandy Berger will be prosecuted for removing documents from the National Archive.

2 posted on 01/06/2005 2:05:21 AM PST by spodefly (This message packaged with desiccant. Do not open until ready for use or inspection.)

Federal regulator Office of Federal Housing Enterprise Oversight, Sept, 2004 released a damning report on accounting irregularities at Fannie Mae, that in 1998, Fannie misstated expenses in order to meet earnings targets that triggered huge executive bonuses.

1998 Salary and Bonus of Senior Fannie Mae Executives

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

3 posted on 01/06/2005 2:12:23 AM PST by Liz (Wise men are instructed by reason; lesser men, by experience; the ignorant, by necessity. Cicero)