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According to the SEC employee I spoke to today, there was a $400 Million penalty levied against the CORPORATION of Fannie Mae for accounting fraud in 2006 .. but NOT the individuals for the betrayal of their fiduciary duties and wholesale theft.

Even if there is a corporate setttlement, it's still critical that the investigation get to the heart of the matter: the criminal fraud committed by Gorelick, Raines, Mudd et al.

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PLEASE call the US Attorney's Office in NY to URGE that they include Jamie Gorelick, Franklin Raines and Daniel Mudd in their investigations.

Contact:

Michael J. Garcia United States Attorney - Southern District of New York

Criminal Division

1 St. Andrews Plaza New York City, NY 10007

Phone: (212)637-2200

Fax: (212)637-2390

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1 posted on 09/30/2008 9:16:02 AM PDT by STARWISE
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To: STARWISE

Talk about a RICO suit waiting to happen.


2 posted on 09/30/2008 9:17:55 AM PDT by dirtboy
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To: STARWISE

I wonder how much Freddie/Fannie employees gave to B-HO?


3 posted on 09/30/2008 9:18:28 AM PDT by Andy from Beaverton (I'm so anti-pc, I use a Mac)
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To: STARWISE

I don’t understand why they’re only going back to 2007. IIRC there were things that should be investigated between 2003-2007 (and probably earlier).


4 posted on 09/30/2008 9:18:42 AM PDT by Seattle Conservative (God Bless and protect our troops and their CIC)
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To: STARWISE
Hopefully this will be a truthful investigation. Unlike the 9/11 investigation.

Although I doubt it will be because those in the do nothing helpful Congress will probably be pulling strings and jerking chains to make sure their names are never mentioned.

5 posted on 09/30/2008 9:20:40 AM PDT by Dustbunny (Freedom prospers when religion is vibrant and the rule of law under God is acknowledged. The Gipper)
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To: STARWISE
I expect that the MSM will soon begin a series of big stories tying these problems to the many former Fannie Mae/Freddie Mac executives who currently work for Obama's campaign.

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chortle .
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... snort .... .
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BWAHAHAHAHAHAHAHAHAAAAA!!!!! Sometimes I crack myself up....

6 posted on 09/30/2008 9:21:17 AM PDT by r9etb
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To: STARWISE

Raines and Johnson should be jailed. Their books made Enron look saintly.

Pray for W, Gov Palin and Our Troops


9 posted on 09/30/2008 9:22:54 AM PDT by bray (It's the Corruption Stupid)
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To: STARWISE

He is a Bush appointee...maybe we have a chance here...but I doubt it. Tired of holding my breath on this kind of stuff. Will call though like you suggest.

http://en.wikipedia.org/wiki/Michael_J._Garcia


10 posted on 09/30/2008 9:23:12 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: STARWISE

What about Frank, Dodd and other corrupt pols who aided and abetted Fannie and Freddie?


12 posted on 09/30/2008 9:24:01 AM PDT by AFreeBird
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To: STARWISE

I’m too cyncial to think this is going to amount to more than a little noise, but there’s always hope. I read this is the prosecutor who investigated Spitzer.


14 posted on 09/30/2008 9:26:18 AM PDT by workerbee (Sarah Palin's very existence is a threat to the Left.)
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To: SE Mom; penelopesire; Miss Didi; rodguy911; april15Bendovr; jveritas; Laverne; Bahbah; ...

US Attorney’s Office - NY

email: usanys.crcomp@usdoj.gov

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Useful contact numbers at the SEC:

http://www.sec.gov/contact/phones.htm

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Michael Garcia has had several successful terrorism prosecutions:

In 2001, he was involved in prosecuting four defendants accused of conspiring with Osama bin Laden and 17 others in the bombings of the United States Embassies in Kenya and Tanzania in 1998. The four defendants were convicted in May 2001.

In 1993, Mr. Garcia also took part in the successful prosecution of four defendants accused of involvement in the first terrorist attack on the World Trade Center.

http://www.nytimes.com/2005/04/11/nyregion/11senator.html

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LET THEM HEAR FROM US!


15 posted on 09/30/2008 9:32:14 AM PDT by STARWISE (They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
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To: STARWISE

Why are they limiting it to Jan 1 of last year? The fraud has been going on for well over a decade. My well-educated guess is that some very powerful people would be caught up in the net if it were expanded. And ass we know, the powerful DO NOT have to answer to the law as we mere mortals do.


16 posted on 09/30/2008 9:32:21 AM PDT by Blood of Tyrants (G-d is not a Republican. But Satan is definitely a Democrat.)
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To: STARWISE

This should be is an essential part of any remedy to this crisis. There should be criminal penalties, asset liquidation, and punitive damages applied as appropriate.


17 posted on 09/30/2008 9:33:44 AM PDT by Peter Horry (Mount Up Everybody and Ride to the Sound of the Guns .. Pat Buchanan)
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To: STARWISE

At least one of the guilty parties, Barney Frank, has no concern about doing jail time. Think about it......


19 posted on 09/30/2008 9:36:24 AM PDT by TruthWillWin
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To: STARWISE

you forgot david gregory’s wife, beth wilkerson.


23 posted on 09/30/2008 9:41:57 AM PDT by gussiefinknottle (woof!woof!woof!)
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To: STARWISE

I just had a conversation with the vp of our little town bank. She said they have to make examples of some of these crooks just like they did with Martha Stewart.
She’s a little frustrated that “all banks “ seem to be getting the blame from people. This bank is very conservative and doesn’t give out mortgages easily. She said you would be amazed at how many people come in looking for a mortgage that they’ll have a tough time paying. This bank won’t give it to them. The town is filled with waterfront McMansions and I’m sure many of these will be on the market.


26 posted on 09/30/2008 9:45:48 AM PDT by surrey
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To: STARWISE
Great thread Star! We know who is to blame for the corruption there.

Problem is we are really late trying to solve things now after all the dirty work has been done, we need to demand they stop next time we catch them with hands,feet and lips inside the cookie jar.

49 posted on 09/30/2008 12:07:14 PM PDT by rodguy911 (HOME OF THE FREE BECAUSE OF THE BRAVE--GO SARAHCUDA !!)
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