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Worse than the AIG Spa Vacation (updated - RAT Franklin Raines scores $4.9 million penthouse condo)
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:...
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