It's even more amazing that the Pubbies are so inept that they can't / won't capitalize on the problem's and hammer the RAT's for keeping them operating as business as usual.
Loans made at a loss are clearly bribes. It was also a fraud on Countrywide’s shareholders.
Do you really think this DOJ will follow through? Holder will drop this like the Black Panther litigation. Can’t be jailing the Rats and their friends.
Fannie and Freddie define the Democrat plantation. Do you really think any of them will take a hit? C’mon, they are there to hire all of the campign flunkies who find themselves unemployed after November. Its why Fannie and Freddie exist. To employ the unemployable and make loans to the undeserving. Shoosh, all this talk of justice just makes my head spin.
The corruption goes way back. Jamie Gorelick comes to mind.
Franky Raines who stole a carbon trading patent from Fannie and is conspiring with Al Gore to rape the taxpayers to the tune of BILLIONS. Jamie Gorelick who singlehandedly may have prevented the US from stopping 9/11 because she erected a legal wall between the CIA and FBI. Later gained fame as a 9/11 board member who helped cover up her and the Clintons incompetence which helped lead to 9/11. Jimmie Johnson, Board member at Goldman Sachs, former CEO of Fannie, helped Obama choose his running mate.......Love this about ol Jimmy from Wikipedia..............’during Johnson’s tenure as CEO, Fannie Mae had improperly deferred $200 million in expenses. This enabled top executives, including Johnson and his successor, Franklin Raines, to receive substantial bonuses in 1998.[3] A 2006 OFHEO report[4] found that Fannie Mae had substantially under-reported Johnson’s compensation. Originally reported as $6–7 million, Johnson actually received approximately $21 million.”
A virtual rogue’s gallery of corrupt Democrat insiders who used Fannie as their personal piggy bank and who have parlayed their influence into millions. Not content to rape the taxpayers, they also used their position to save a few bucks by accepting illegal cut rate mortgages from Aneglo Mozillo and Countrywide.
Throw them in jail you say? Just like Obama, they are above the law, for they are the elites. Laws are for little people like you and I.
Can anyone explain why these NGO financial institutions were excluded or exempted from the Financial Regulation bill that the Dems passed?
Affirmative Action never was, Franklin Raines should be in leg irons, equipped with a heavy sledgehammer and about 3 1/2 years into working on his own, personal 40 foot high rock pile.
I swear, when ever there is a scam with political connections I find this lady buried in the back of the story or right in the middle of it.
“Vice Chairman Jamie Gorelick”
I have been seeing this name pop up for the last 14 years.
When Bill Clinton was president he said something to the effect that the government should have access to the immense amount of pension funds that are in the country. I suspect these agencies were manipulated and used to bilk pension funds and then they were redistributed to the TOO RICH TO FAIL and politicians.
reported in Washington Post at time of death
--The challenges included a disagreement with the company's regulator over disclosing certain information to investors. Kellermann wanted to ensure that the company would properly dis close required financial information, according to a source. He had spent years helping design its internal accounting system after major earnings irregularities earlier this decade.
This week, Freddie Mac hired a high-level consultant to help Kellermann with the myriad accounting questions he faced, a person familiar with the matter said.
Tonight’s NBC Nightly News should run two hours, for all the real stuff landing today.
As it should.