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Former Clinton Official Paid $26 Million by Fannie Mae Before Taxpayer Bailout Now on Obama...
CNS News ^ | 3/23/11 | Chris Neefus

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 ...


TOPICS: Crime/Corruption; Government; News/Current Events
KEYWORDS: chinesewall; clinton; fanniemae; former; franklinraines; gorelick; jamiegorelick; official; paid
Former Clinton Official Paid $26 Million by Fannie Mae Before Taxpayer Bailout Now on Obama Shortlist to Run FBI
1 posted on 03/23/2011 3:47:42 PM PDT by Nachum
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To: Nachum

good discussion going here:

http://www.freerepublic.com/focus/f-news/2693564/posts


2 posted on 03/23/2011 3:49:10 PM PDT by fightinJAG (I am sick of people adding comments to titles in the title box. Thank you.)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


3 posted on 03/23/2011 3:50:11 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

http://209.157.64.200/focus/f-news/2690088/posts

http://www.freerepublic.com/focus/f-news/1462207/posts

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

http://www.washingtonpost.com/ac2/wp-dyn/A52625-2004Sep26?language=printer

Gorelick has told friends that she would seriously consider an offer some day to serve as defense secretary ...

http://www.freerepublic.com/focus/news/2172976/posts

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.

(snip)

http://www.freerepublic.com/focus/news/2090020/posts

Countrywide Made Home Loans to Gorelick, Mudd
The Wall Street Journal ^ | 9/25/08 | GLENN R. SIMPSON

http://www.freerepublic.com/focus/f-news/2046736/posts

Guess who’s been involved intimately with Fannie Mae (Anyone remember Jamie Gorelick?)
Rush Limbaugh .com ^ | 7/16/08 | The Maha

From the Maha -

Guess who’s 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 Clinton’s 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 don’t 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 can’t 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 I’ll 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 can’t win with these people.

(snip)

http://www.freerepublic.com/focus/news/2085666/posts

Mistress of Disaster: Jamie Gorelick
American Thinker ^ | September 19, 2008 | C. Edmund Wright

http://www.freerepublic.com/focus/f-news/2535774/posts

THEY’RE HERE (WTH??? Jamie Gorelick at the White House/BP meeting!!!)
politico ^ | 6/16/2010 |

http://www.freerepublic.com/focus/f-news/2526486/posts

Gorelick to Head BP Legal Team
Main Justice ^ | June 2, 2010 | Ryan J. Reilly


4 posted on 03/23/2011 3:53:30 PM PDT by maggief
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To: Nachum

Gorelick: What an unfortunate, but appropriate name.


5 posted on 03/23/2011 3:53:43 PM PDT by proudpapa
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To: Nachum

does anyone care?


6 posted on 03/23/2011 3:55:29 PM PDT by dalebert
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To: dalebert

Oh, I think I care if she is running the FBI


7 posted on 03/23/2011 3:56:27 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

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.


8 posted on 03/23/2011 3:56:27 PM PDT by sappy (let taxpayers bargain collectively)
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To: Nachum

And “Those who worship him” still defend this crap.


9 posted on 03/23/2011 3:56:38 PM PDT by Terry Mross (This is war. Choose sides.)
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To: Nachum

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.


10 posted on 03/23/2011 3:57:16 PM PDT by sappy (let taxpayers bargain collectively)
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To: Nachum

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.


11 posted on 03/23/2011 3:57:16 PM PDT by Conservative Vet
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To: Nachum
When will FReepers realize this is a third Clinton administration? I would bet half of the administration are friends of Bill or were in the Clinton admin.

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.

12 posted on 03/23/2011 3:58:30 PM PDT by raybbr (People who still support Obama are either a Marxist or a moron.)
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To: Nachum

Let’s not forget that she was also intimately involved in the Waco fiasco too.

Mark


13 posted on 03/23/2011 4:01:15 PM PDT by MarkL (Do I really look like a guy with a plan?)
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To: MarkL

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.


14 posted on 03/23/2011 4:07:06 PM PDT by Melchior
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To: MarkL; Nachum

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.

Mark


15 posted on 03/23/2011 4:07:47 PM PDT by MarkL (Do I really look like a guy with a plan?)
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To: Nachum

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.


16 posted on 03/23/2011 4:11:44 PM PDT by Gen-X-Dad
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To: Nachum

Incestuous bastards.

Bulldoze DC and start over.


17 posted on 03/23/2011 4:14:15 PM PDT by hattend (Obama got his 3am call about Egypt. The call went right to the answering machine.- Sarah Palin)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...

Thanks Nachum.
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

18 posted on 03/23/2011 4:14:35 PM PDT by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: Nachum

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


19 posted on 03/23/2011 4:17:51 PM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: Gen-X-Dad
” 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). “

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.

20 posted on 03/23/2011 4:21:48 PM PDT by HereInTheHeartland (Yes We Can, have smaller government)
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To: hattend

You betcha! I’ll git my overall’s on and meet ya up there.....:)


21 posted on 03/23/2011 4:22:17 PM PDT by Dawgreg (Happiness is not having what you want, but wanting what you have.)
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To: Nachum

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.


22 posted on 03/23/2011 4:23:09 PM PDT by Verginius Rufus
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To: dalebert

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.


23 posted on 03/23/2011 4:26:26 PM PDT by IrishCatholic (No local Communist or Socialist Party Chapter? Join the Democrats, it's the same thing!)
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To: raybbr

“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”.


24 posted on 03/23/2011 4:31:30 PM PDT by taillightchaser (The last hope for America--2012)
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To: Nachum

This woman should have been in jail a long time ago.


25 posted on 03/23/2011 4:32:33 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: silverleaf

There’s only ONE way to make it stop, and God isn’t involved!


26 posted on 03/23/2011 4:37:21 PM PDT by Doc Savage ("I've shot people I like a lot more,...for a lot less!" Raylan Givins)
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To: Nachum

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.

</sarcasm>


27 posted on 03/23/2011 4:40:11 PM PDT by Skepolitic
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To: Nachum

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.


28 posted on 03/23/2011 4:57:14 PM PDT by Pearls Before Swine
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To: maggief

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.


29 posted on 03/23/2011 4:59:39 PM PDT by Signalman
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To: Nachum

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.


30 posted on 03/23/2011 5:41:00 PM PDT by purplelobster
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To: Nachum

Jamie Gorelick.

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.


31 posted on 03/23/2011 6:41:33 PM PDT by Noob1999
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To: Nachum
I guess this means Franklin Raines will be replacing Treasury Secretary Turbo Tax Timmy in the near future.
32 posted on 03/23/2011 6:46:03 PM PDT by Kickass Conservative (Since Obama Bin Lyin, the Economy Bin Dyin...)
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She was also on the attorney payroll for a time at Duke University re: Lacrosse Frame lawsuits


33 posted on 03/23/2011 7:01:26 PM PDT by Jenny217
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To: Nachum

She was also the memo lady


34 posted on 03/23/2011 7:10:17 PM PDT by BOBWADE
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To: mewzilla

BTTT.


35 posted on 03/24/2011 5:36:34 AM PDT by mewzilla (Were members of both political parties in on the Lockerbie bomber deal?)
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