Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $20,305
25%  
Woo hoo!! And we're now over 25%!! Thank you all very much!! God bless.

Keyword: sameasenron

Brevity: Headers | « Text »
  • FANNIE MAE'S GOLDEN EGGS (Clinton suckup demands big bucks for incompetence)

    01/02/2005 1:58:34 AM PST · by Liz · 58 replies · 1,450+ views
    NY POST ^ | January 2, 2005 | EDITORIAL
    This sounds like nice work, if you can get it. Help lose nearly $9 billion. Get "fired." Walk away with a golden-parachute package of $26 million plus a monthly pension of $116,300. And fully paid health and dental insurance — for life. As papers filed with the SEC last week show, the man in question with the sweetheart deal is Franklin Raines — now-departed CEO of Fannie Mae, the public-private non-banking entity that is America's primary mortgage lender. However, the company's primary regulator, the Office of Federal Housing Enterprise Oversight, recently found accounting irregularities that would wipe out the company's...