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

Skip to comments.

Charges Filed Against Former Fannie Mae Execs
AP ^ | Monday December 18, 4:58 pm ET | Marcy Gordon, AP Business Writer

Posted on 12/18/2006 12:01:17 PM PST by Lunatic Fringe

Edited on 12/18/2006 2:45:32 PM PST by Admin Moderator. [history]

click here to read article


Navigation: use the links below to view more comments.
first 1-2021-40 next last

1 posted on 12/18/2006 12:01:19 PM PST by Lunatic Fringe
[ Post Reply | Private Reply | View Replies]

To: Lunatic Fringe

All Clintonites IIRC.


2 posted on 12/18/2006 12:01:47 PM PST by RockinRight (Barack Hussein Obama, Jr. He's a Socialist. And unqualified.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lunatic Fringe

I won't be happy until "Stone Wall" Gorelick is in that list...


3 posted on 12/18/2006 12:02:58 PM PST by Virginia Ridgerunner ("Si vis pacem para bellum")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lunatic Fringe

Schadenfreude - and loving it.


4 posted on 12/18/2006 12:06:18 PM PST by SargeK
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lunatic Fringe

The Clinton appointees are still being indicted, almost 6 years after he left office.



Don't worry, though... Hillary will pardon him.


5 posted on 12/18/2006 12:06:56 PM PST by Brilliant
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brilliant

He really knew how to pick them.


6 posted on 12/18/2006 12:07:34 PM PST by golfisnr1 (Democrats are like roaches - hard to get rid of.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Lunatic Fringe

link?


7 posted on 12/18/2006 12:07:52 PM PST by Eagle of Liberty ("I do a lot of things to irritate the libs. And it works!" - Rush Limbaugh)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Virginia Ridgerunner

Gorelick was at Freddie, wasn't she? Of course, Freddie's got big problems, too.


8 posted on 12/18/2006 12:07:54 PM PST by Brilliant
[ Post Reply | Private Reply | To 3 | View Replies]

To: Kerretarded; Admin Moderator

Link:

http://biz.yahoo.com/ap/061218/fannie_mae_executives_sued.html?.v=2


9 posted on 12/18/2006 12:09:55 PM PST by Lunatic Fringe (Say "NO" to the Trans-Texas Corridor)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Lunatic Fringe

How about Gorelick?


10 posted on 12/18/2006 12:10:56 PM PST by Doctor Raoul (Pinch and Keller need to check in at the Ken Lay Suite at a Federal SuperMax...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Virginia Ridgerunner

You beat me to it. Gorlick was in that bunch at Fannie Fraud too.


11 posted on 12/18/2006 12:17:25 PM PST by Wuli
[ Post Reply | Private Reply | To 3 | View Replies]

To: Brilliant

http://www.fanniemae.com/newsreleases/2003/2340.jhtml?p=Media
(SNIP)
January 10, 2003

Fannie Mae's Vice Chair Jamie Gorelick to Step Down in July; CFO Timothy Howard to Become Vice Chairman
WASHINGTON, DC -- Fannie Mae (FNM/NYSE), the nation's largest source of financing for home mortgages, today announced that Vice Chair Jamie Gorelick has advised the company she will step down on July 1, 2003, to devote substantial time to the bipartisan national commission investigating the attacks of September 11, 2001 and to pursue other interests. The company also announced that its Executive Vice President and Chief Financial Officer, Timothy Howard, will succeed Gorelick as Vice Chair, and will be nominated to be elected to the Board of Directors at the annual meeting in May.


"Jamie Gorelick's leadership is a big reason why Fannie Mae is a great company that achieves its mission of bringing the American Dream to all Americans," said Fannie Mae's Chairman and CEO Franklin D. Raines. "Jamie's unwavering focus on our corporate responsibility has made Fannie Mae the market leader in serving minority and lower-income families, a model corporate citizen, and one of America's best places to work."
"All of us at Fannie Mae are extremely proud of Jamie's commitment and service to the company and her devotion to the American Dream business," Raines said. "But we are also proud of her lifelong devotion to public service and her commitment -- and the unique contributions she will make -- to helping our nation understand and learn from the events that led to the searing tragedy of September 11th. We appreciate her dedication to the company and to our nation, and we will deeply miss her presence at Fannie Mae."


Gorelick joined the company in May 1997 as Vice Chair. As a member of the Office of the Chairman, she has shared responsibility for the overall management of the company, directed its efforts to reach underserved markets and has overseen Fannie Mae's external relationships, legal and regulatory affairs.


12 posted on 12/18/2006 12:35:29 PM PST by Mo1 (Thank You Mr & Mrs "I'm gonna teach you a lesson" Voter ... you just screwed us on so many levels)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Lunatic Fringe

I clicked on it, hoping to see Gorelick indicted.

All I want for Christmas is to see Jamie Gorelick frog marched to jail.


13 posted on 12/18/2006 12:36:51 PM PST by NeoCaveman (Conservativism was not tried and found wanting, instead it was found wanting to be tried.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mo1

http://www.washingtonpost.com/wp-dyn/articles/A32845-2005Apr6.html
(SNIP)
False Signatures Aided Fannie Mae Bonuses, Falcon Says

By Kathleen Day and Terence O'Hara
Washington Post Staff Writers
Thursday, April 7, 2005; Page E01

Fannie Mae employees falsified signatures on accounting transactions that helped the company meet earnings targets for 1998, a "manipulation" that triggered multimillion-dollar bonuses for top executives, a federal regulator said yesterday


14 posted on 12/18/2006 12:39:20 PM PST by Mo1 (Thank You Mr & Mrs "I'm gonna teach you a lesson" Voter ... you just screwed us on so many levels)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Lunatic Fringe

Civil charges?? If they were Pubbies there would be criminal charges. This case will go nowhere as it will be largely ignored by MSM.


15 posted on 12/18/2006 12:39:25 PM PST by KenmcG414
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lunatic Fringe

Enron was the center of all evil because Dick Cheney had a nodding acquaintance with them. Since Fannie Mae is run by DemonRats, they'll get 5 minutes in jail and have to pay back 3% of the proceeds that they got through fraud. All things considered, paying back a couple of hundred mil for an $8 billion dollar scam shows a great return on investment, but you have to know a Kennedy or Klinton to get in!


16 posted on 12/18/2006 12:45:29 PM PST by Excuse_My_Bellicosity ("A litany of complaints is not a plan." - GW Bush, referring to DNC's lack of a platform on ANYTHING)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mo1
Fannie Mae (FNM/NYSE), the nation's largest source of financing for home mortgages, today announced that Vice Chair Jamie Gorelick has advised the company she will step down on July 1, 2003, to devote substantial time to the bipartisan national commission rape of justice in "investigating" the attacks of September 11, 2001 and to pursue other interests high-dollar scams because a billion dollars doesn't go as far as it used to when you're a hedonistic pig.
17 posted on 12/18/2006 12:51:26 PM PST by Excuse_My_Bellicosity ("A litany of complaints is not a plan." - GW Bush, referring to DNC's lack of a platform on ANYTHING)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Lunatic Fringe

In the grand scheme of things, Fannie Mae is MUCH more important than Enron. Fraud at such a large financial institution should be treated more seriously than Enron was (which was overzealously).


18 posted on 12/18/2006 1:05:01 PM PST by PghBaldy (Reporter: Are you surprised? Nancy Pelosi: No. My eyes always look like this.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mo1

Excellent!

http://www.fanniemae.com/newsreleases/2003/2340.jhtml?p=Media

Excerpt:

""Jamie Gorelick's leadership is a big reason why Fannie Mae is a great company that achieves its mission of bringing the American Dream to all Americans," said Fannie Mae's Chairman and CEO Franklin D. Raines. "Jamie's unwavering focus on our corporate responsibility has made Fannie Mae the market leader in serving minority and lower-income families, a model corporate citizen, and one of America's best places to work."

"All of us at Fannie Mae are extremely proud of Jamie's commitment and service to the company and her devotion to the American Dream business," Raines said. "But we are also proud of her lifelong devotion to public service and her commitment -- and the unique contributions she will make -- to helping our nation understand and learn from the events that led to the searing tragedy of September 11th. We appreciate her dedication to the company and to our nation, and we will deeply miss her presence at Fannie Mae."


Gorelick joined the company in May 1997 as Vice Chair. As a member of the Office of the Chairman, she has shared responsibility for the overall management of the company, directed its efforts to reach underserved markets and has overseen Fannie Mae's external relationships, legal and regulatory affairs.

"This has been an extremely hard decision for me because I am so proud of the role that our company plays in the housing finance system," Gorelick said."


19 posted on 12/18/2006 1:48:29 PM PST by Grampa Dave (The Bush haters on both sides have elected the government they have dreamed of!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Lunatic Fringe

Good, these crooks should be punished severely.


20 posted on 12/18/2006 2:04:56 PM PST by expatpat
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-40 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

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