Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: IllumiNaughtyByNature
Your link goes to the July 16th '08 article. Were you trying to link to this?

Tough Decision Coming August 28th '08

"Two members of Mr. Obama's political circle, James A. Johnson and Franklin D. Raines, are former chief executives of Fannie Mae."


100 posted on 09/18/2008 10:34:46 PM PDT by TigersEye (This is the age of the death of reason.)
[ Post Reply | Private Reply | To 67 | View Replies ]


To: All
From April '08

Former Fannie chief agrees to $24.7 million settlement

WASHINGTON — Former Fannie Mae chief Franklin Raines and two other top executives have agreed to a $31.4 million settlement with the government announced Friday over their roles in a 2004 accounting scandal.

Raines, former Fannie chief financial officer Timothy Howard and former controller Leanne Spencer were accused in a civil lawsuit in December 2006 with manipulating earnings over a six-year period at the company, the largest U.S. financer and guarantor of home mortgages.

Raines, a prominent Washington figure who was President Clinton's budget director, is relinquishing company stock options, proceeds from stock sales and other benefits. His part of the settlement is worth $24.7 million,


102 posted on 09/18/2008 10:54:30 PM PDT by TigersEye (This is the age of the death of reason.)
[ Post Reply | Private Reply | To 100 | View Replies ]

To: TigersEye

You are correct. Mine is July 15th 08 talking about him taking calls from the Obama campaign. Good catch.


128 posted on 09/19/2008 1:21:48 PM PDT by IllumiNaughtyByNature (OBAMA: He was a flop before he became a flipper.)
[ Post Reply | Private Reply | To 100 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson