Free Republic

This sounds like nice work, if you can get it. Help lose nearly $9 billion. Get "fired." Walk away with a golden-parachute package of $26 million plus a monthly pension of $116,300. And fully paid health and dental insurance — for life. As papers filed with the SEC last week show, the man in question with the sweetheart deal is Franklin Raines — now-departed CEO of Fannie Mae, the public-private non-banking entity that is America's primary mortgage lender. However, the company's primary regulator, the Office of Federal Housing Enterprise Oversight, recently found accounting irregularities that would wipe out the company's...