[Liz]

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

[calcowgirl]

They should pay it back... with interest :-)

[LibertarianInExile]

1998? Who was president then? Shouldn't they have done something about this travesty?

[MeekOneGOP]

That's some list you've got there.

Jamie Gorelick Vice-Chairman $567,000 $779,625

Thomas Kean says I am the most non-partisan, bi-partisan member of the 911 Commission. Well, ain't I SPECIAL !?

[Grampa Dave]

"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."

Liz, please refresh an old Grampa's memory:

In 1998, who was our president, vice president, and attorney general, and what political party did these 3 criminal belong to?

[pepsionice]

They should pay it back, with interest...pay all of the investgation costs involved (probably over $3 million), and serve at least 90 days in a county jail (notice I didn't say a fed joint...he doesn't need favors). And he should be prohibited from doing business with real estate for 10 years. Thats a fair judgement for the guy. We don't need to waste alot of court time like Martha or we don't need to steal jail space from really bad-guys. Lets get real here...he gets the punishment he deserves...and life goes on.