Click on the link to see a slideshow of the house.
Posted on 10/09/2008 5:22:40 PM PDT by Libloather
Worse than the AIG Spa Vacation (updated)
Thomas Lifson
October 09, 2008
The last few days we have been treated to hyperventilation over the outrage of AIG executives attending a lavish sales incentive meeting at a ritzy California spa. I hope that Henry Waxman and his committee will be evenhanded in exposing this outrage. But I bet they will ignore Raines.
Franklin Raines, the Democrat who inflated Fannie Mae earnings in order to pay himself fabulous bonuses, earning $90 million dollars, is feeling none of the real estate market pain he helped to create for so many others. The Washingtonian reports:
In DC: Franklin Raines, the former top man at Fannie Mae, bought a three-bedroom, seven-bath penthouse condominium in the West End's Ritz-Carlton Residences for $4.9 million. The condo has a rooftop terrace with a hot tub, a butler's pantry, and three parking spaces. Raines, director of the US Office of Management and Budget under President Clinton, was CEO of Fannie Mae from 1999 to 2004.
Ritz-Carlton Residences, for those unfamiliar with them, are the residential equivalent of the luxury spa where AIG sales champions frolicked for a few days. The lucky owners of condos in these RCR developments have access to room service and other services of a Ritz-Carlton Hotel. Buying a condo like Raines's is kind of like living permanently in the well-coddled circumstances of a high roller suite at a high end Vegas casino, while having the permanence and customization of home ownership, along, of course, with the tax benefits.
Raines walked away from the mess at Fannie Mae paying only a paltry settlement. Obviously he is well-set for life.
Where's the outrage?
**SNIP**
(Excerpt) Read more at americanthinker.com ...
Click on the link to see a slideshow of the house.
Surely.....this fellow has fibbed on his taxes....where are the IRS snoopes?
How about Barwny Frawnks “Million Dollar Basement Boy Brothel” ???
Surely.....this fellow has fibbed on his taxes....where are the IRS snoopes?
Dingy Harry lives at the Ritz-Carlton too.
Will somebody PLEASE...tell me why he hasn’t been indicted???????.....I’m not up on him...but wasn’t he in charge of cooking the books ?? I understand how we got here...but for the life of me i cant understand why “cooking the books” still isn’t a crime???
Dodd: "Barney, with you hot in bed with Freddie Mac ...
how it must suck to be one of our helpless constituents".
I agree. Why haven’t all of them been indicted? These guys are crooks pure and simple. That includes our congress critters for allowing this to happen.
If he goes down, he takes half of the Senate, and a third of the House down with him.
Still too few in my opinion.
I just looked at that pic closely. Thanks for the Dewars & Soda nose flush.
I just looked at that pic closely. Thanks for the Dewars & Soda nose flush.
You’re Welcome.
Thats Good News ! Isn’t It? ;-P
Oh,,I forgot to mention that Franklin is Black. That means he is out of bounds..in the clear..no tax returns required.
>>>>>>>>>LETS ROLL!!!!
http://www.post-gazette.com/headlines/20010916phonecallnat3p3.asp
http://www.dailymotion.com/video/k6KUDv1wzraWhwlBt1
Nahhh..could never happen....right??
just because...Remember the Maine!
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