Skip to comments.Former Clinton Official Paid $26 Million by Fannie Mae Before Taxpayer Bailout Now on Obama...
Posted on 03/23/2011 3:47:37 PM PDT by Nachum
(CNSNews.com) Jamie Gorelick, a former Clinton administration official who has reportedly made the Obama administration's to become considering the next director of the Federal Bureau of Investigation (FBI), was paid more than $26 million in total compensation as a top executive at Fannie Mae--before taxpayers had to bail out the mortgage giant.
Gorelick, who left the Clinton Justice Department in 1997 to work for Fannie Mae CEO Franklin Raines, was paid $26,466,834 in salary, bonuses, performance pay and stock options from 1998 to 2003, according to the Report of the Special Examination of Fannie Mae (2006), conducted by the Office of Federal Housing Enterprise Oversight.
Gorelick served as vice chairman of the Federal National Mortgage Association (Fannie Mae) when the government-sponsored enterprise was bundling subprime loans into securitized financial instruments. Prior to that, she served as deputy attorney general in the Clinton Justice Department under then-Attorney General Janet Reno from 1994 to 1997.
Raines had served as Clinton's budget director before assuming the top post at Fannie Mae.
(Excerpt) Read more at cnsnews.com ...
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Able Danger, 9-11 Report, Gorelick, and so much more...
various FR links & stories | 08-12-05 | the heavy equipment guy
Posted on Friday, August 12, 2005 2:19:36 PM by backhoe
Gorelick has told friends that she would seriously consider an offer some day to serve as defense secretary ...
DAG Eric Holder was repeatedly told the Wall was blocking intel sharing
911FamiliesForAermica.org ^ | January 27, 2009 | Tim Sumner
Three times during his tenure as Deputy Attorney General, Eric Holder was made fully aware that intelligence sharing with the Criminal Division was not taking place. As the officer in charge of day-to-day operations at the Department of Justice, his lack of due diligence ensured that the Wall between the intelligence and criminal divisions of the FBI that Jamie Gorelick had built would remain in place for the foreseeable future. The Wall stood as the Clinton administration and intelligence community saw the rising threat of al Qaeda, Ramzi Yousef was prosecuted for making the bomb used in the 1993 attack upon the World Trade Center and Bojinka plot to bomb American jetliners, and our embassies in Africa were attacked in 1998.
Countrywide Made Home Loans to Gorelick, Mudd
The Wall Street Journal ^ | 9/25/08 | GLENN R. SIMPSON
Guess whos been involved intimately with Fannie Mae (Anyone remember Jamie Gorelick?)
Rush Limbaugh .com ^ | 7/16/08 | The Maha
From the Maha -
Guess whos been involved intimately with Fannie Mae? Does the name Jamie Gorelick ring a bell? This woman is everywhere, and Jamie Gorelick got a 26 million payout when she left the place. Jamie Gorelick got 26 million to leave, one of Clintons guys, Franklin Raines, Franklin Raines, he was kicked out after corrupting the place. He left shortly before he was taking it in the shorts, but he got out of there with no penalty whatsoever. What is it with these Clinton people? This is why we dont get any tell-all books on the Clinton administration because they were all set up in these sweetheart deals money, money, money, money I still cant get over this. Congress is not helping poor old Doug Gylfe, so now we have millions of Americans who are priced out of home ownership, which is how this all started. Any rescue policy to stem forecloses could artificially prop up home prices and perpetuate the affordability crisis, yet Ill guaran-damn-tee you if government did nothing and home prices continue to fall then tomorrow the AP would write a story whining and moaning about the lack of asset value for people who still do own their houses. We just cant win with these people.
Mistress of Disaster: Jamie Gorelick
American Thinker ^ | September 19, 2008 | C. Edmund Wright
THEYRE HERE (WTH??? Jamie Gorelick at the White House/BP meeting!!!)
politico ^ | 6/16/2010 |
Gorelick to Head BP Legal Team
Main Justice ^ | June 2, 2010 | Ryan J. Reilly
Gorelick: What an unfortunate, but appropriate name.
does anyone care?
Oh, I think I care if she is running the FBI
this woman is as incompetent as it gets. everything she touches falls to $h*t. only after she gets her payout, though or someone else gets killed.
And “Those who worship him” still defend this crap.
this woman is as incompetent as it gets. everything she touches falls to $h*t. only after she gets her payout, though or her inaction/action/neglect gets someone killed.
Oooooh hellll no! She made a mint at Fannie Mae for helping bring on the housing crash by buying garbage mortgages and packaging them into notes backed by the taxpayer.
She should’ve been prosecuted for what she did at the Clinton Justice Dep’t. She erected the “Chinese Wall” between the CIA and the FBI (probably to hide things like Loral Corp’s technology transfers to China and mysterious donations to Clinton from James Riady, John Huang, and Charlie Trie). This indirectly led to 9-11 because the CIA couldn’t notify the FBI when some terrorist on watch lists came into the US. God help this country if she ran the FBI for 11 years. I can’t believe she is being considered for this.
Obama was put in as figurehead to allow Billary cover under "darkness" to get the things done they wanted to do in the nineties but couldn't.
Let’s not forget that she was also intimately involved in the Waco fiasco too.
She was rumored to be in the running for Obama’s Attorney General. It was also rumored that he didn’t want the baggage she carried with her. Since then she made headlines by providing assistance to BP in their presentations before Congress.
Oops... I may have screwed up here...
I meant to say that she was intimately involved in 9-11, since she’s the one who authored the memo creating “a wall” between foreign and domestic intel and law enforcement, ostensibly to protect the clintons & dems from investigations of illegal foreign campain contributions, that directly led to 9-11. Then she was on the 9-11 investigation committee.
Gorelick leaves a trail of wreckage behind her wherever she goes. Her recommendation to put firewalls between the FBI and other security agencies help setup 9-11 (all done to throw road blocks in the path of chasing down the Clinton scandals). Then she get’s appointed to be on the panel that essentially clears her involvement of any wrong doing.
No matter how bad she screws up she comes out smelling like a rose with more power and money. She is definitely so well connected that one would think she is untouchable.
Bulldoze DC and start over.
Jamie Gorelick... who has reportedly made the Obama administration's to become considering the next director of the Federal Bureau of Investigation (FBI)... left the Clinton Justice Department in 1997 to work for Fannie Mae CEO Franklin Raines, was paid $26,466,834 in salary, bonuses, performance pay and stock options from 1998 to 2003... Gorelick served as vice chairman of the Federal National Mortgage Association (Fannie Mae) when the government-sponsored enterprise was bundling subprime loans into securitized financial instruments. Prior to that, she served as deputy attorney general in the Clinton Justice Department under then-Attorney General Janet Reno from 1994 to 1997. Raines had served as Clinton's budget director before assuming the top post at Fannie Mae
Gorelick as FBI director???????
Dear God please make it stop
She would be a perfect shill to cover-up whatever her masters ordered her to cover-up. FWIW
Very very important that people don't forget that. That is why the information from the flight instructor in Minnesota didn't go anywhere.
The instructor was suspicious why a middle eastern male wanted to take flying lessons; but had no interest in learning how to land.
He alerted the local FBI from my recollection.
From what I remember; this info probably would have stopped the 911 attacks had it been handled properly. But Gorlicks walls kept the information from going anywhere.
You betcha! I’ll git my overall’s on and meet ya up there.....:)
I remember reading about Franklin Raines when he became CEO of TIAA-CREF...the guy walked on water, he was so incredibly wonderful and they were so lucky to get him.
I know what you mean. Sometimes it seems as if the whole country is apathetic. In reality I believe it is the poison spread by the MSM that is weakening everyone. No one will even know of her if she is selected.
“Third Clinton administration”
I disagree, this is 10 times worse than klintoon. And I despise klintoon. At least Bubba wasn’t a muslim extremist apologist. This guy is systematically destroying our country in the name of “One world order”.
This woman should have been in jail a long time ago.
There’s only ONE way to make it stop, and God isn’t involved!
I just think we should all be grateful for the dedication and sacrifices made by our public servants. Ms. Gorelick’s Fannie Mae was charged with facilitating the “ownership society” advocated by George Bush’s compassionate conservatives and Barney Frank’s liberals alike. Of course she got a big bonus for her tireless and enormously successful efforts to provide mortgages to anybody with a pulse.
I’m sure that, if confirmed, Ms. Gorelick will be just as successful at the FBI as she was in directing Fannie Mae.
If our GOP reps and Senators don’t put a hold on this nomination, I AM THROUGH! Gorelick is the author of the Chinese Wall between FBI and intelligence which enabled 9/11, as well as a player and beneficiary of Fannie’s mis-lending and collapse.
Wasn’t Gore-lick the one who was behind the famous “wall” which prevented the FBI and CIA from sharing intel? This may have been a factor in the 9/11 assault on NYC being successful.
Jamie Gorelick was the most incompetent public servant in the Clinton Administration. She created the policy that hindered detection of the 9/11 terrorists then had the nerve to sit on the 9/11 commission where she tried covering up Clinton’s and her own incompetence. Then she fell upwards to earning millions by helping to destroy the economy via her work at Fannie Mae. Inexplicably, Barry is now considering her for yet another important, high profile job. It’s beyond comprehension how this idiot could be considered for any job let alone another supervisory job.
The gift that keeps on giving!
I sure hope that this pig is outed by the MSM or someone, for the corrupt piece of garbage that she is, before Zer0 adds her to his gang of corrupt communist crooks.
She could do more to ruin America,in two years, than all the multi millions she stole from Frannie Mae in three years.
She was also on the attorney payroll for a time at Duke University re: Lacrosse Frame lawsuits
She was also the memo lady