The looting of Fannie Mae by Democrat insiders

Wash Post ^ | 2006 | Wash Post

[dennisw]

Much more information over here --->>

http://www.washingtonpost.com/wp-dyn/content/article/2006/05/23/AR2006052301751.html

 

[dennisw]

Franklin Raines was the biggest looter. I remember him having a good reputation before Fannie Mae. He was one of the more sober members of the Black Caucus in Congress. Then he was Bill Clinton’s budget director. I always figured he was on the up and up and had some brains.

I first read about him ripping off Fannie Mae five years ago

[Liz]

I guess Raines was biding his time in Congress, and as Bill Clinton’s budget director-—lying in wait for the day he could cash-in bigtime.

He was smart enough-——to cook F/M’s books in his favor.

Makes ya wonder how Raines got that particular wealth-producing position at Fannie Mae......and if he and Clinton had a quid pro quo going.

[woollyone]

This thread has ruined the nice dinner I was enjoying

[Liz]

Yup-—it’a disgusting.