I thought Gorelick and Raines were in trouble at fannie Mae for their BIG FAT BONUSES and phony auditing!!
They are. Indictments are likely. Gorelick was EVP and General Counsel at Fannie Mae when it violated about 100 accounting rules in order to prop up its share price and trigger huge bonuses to all the executives. Gorelick got almost a million dollars in bonus for 1998. The Clintons set her up in this cushy and lucrative job after she carried their water for 6 years at DoD and DOJ. She knew nothing about housing or mortgages yet suddenly ended up as the #3 executive at Fannie Mae. Fannie Mae was a Democrat slush fund operation for years, first under CEO Jim Johnson (Walter Mondale's campaign manager) and then under Frank Raines (Clinton's first budget director.) It's all going to come out when the DOJ finishes its investigations. Many Democrats in Washington are extremely nervous about it.