what is happening to our country is disgusting...and to think we paid them to do it.
Yes, Raines, while at Fannie collected $126 million, and Johnson, Gorelick and others smaller amounts. They all got the equivalent of a bonus payment for each subprime mort to the present, underwritten to the maximum extent of numbers. Fannie will be issuing subprimes until at least Sept of this year, and the program could be extended.
Wealth/property cannot be redistributed by Obamas’ plan unless it comes into govt hands to the maximum extent possible...so, the plundering of the middle class to its extinction is on fast-track and the rich, not politically connected are going next. 401ks and IRAs are to be forced to convert to Tbills and agency bonds before the US defaults on its debt, scheduled after the plans are converted to Tbills and the public left holding those BAGS too.