Fraklin Raines is the former chairman and chief executive officer of Fannie Mae, the government sponsored enterprise started in 1939 to offer mortgages to Americans wishing to become home owners. After serving as budget director under President Bill Clinton, Mr. Raines served as CEO at Fannie Mae from 2000 until 2004. While Mr. Raines was CEO, Fannie Mae went deep into the practice of buying mortgages based on almost no or no money down given to borrowers who could not afford them. During this time he received bonuses and salary over 90 million dollars. In 2004 he was offered early retirement after the accounting practices used at Fannie during his tenure to secure top executive bonuses were shown to be fraudulent. Civil charges were filed against Raines and two other former executives which sought $110 million in penalties and $115 million in returned bonuses from t he three accused. On April 18, 2008, the government announced a settlement with Raines together with J. Timothy Howard, Fannie's former chief financial officer, and Leanne G. Spencer, Fannie's former controller. The three executives agreed to pay fines totaling about $3 million, which will be paid by Fannie's insurance policies. When pressed by the Bush administration to tighten down regulations on Fannie Mae and Freddie Mac, members of& amp; lt; /B> congress Republicans and Democrats alike - in positions to pass such regulations, did nothing. Today, Fannie Mae owns or guarantees over half of Americas 12 trillion dollar mortgage market, and we are in the middle of a credit crunch and housing slump brought on in large part by government backed Fannie Mae going down this dangerous credit slope under Mr. Rain es.
And where i s Franklin Raines today? He is a chief economic advisor to the presidential campaign of Senator Barack Obama.
Should Obama be our next President we're going to have some whiz-bang Financial Advisors guiding this country through the Financial mess they helped create. God help us all.
Not sure where this came from but when listening to the debate last night, Obama actually stated that this guy was working for McCain and there was no negating it on McCains end, so the facts may way need to be checked on this.
Both Parties are to blame for this whole mess... However, this did all start when Mr. Clinton was in office.
The real reason you shouldn't vote for Barack Hussein Obama is because he is a Domestic Terrorist With Communist believes. Furthermore he is a racist that is extremely friendly with a cop killer(Bill Ayers).
If you honestly believe that you lack the intelligence needed to vote. The man is a racist that wastes no opportunity to shit all over America and it's constitution.
We need a leader during these tough times, not a flip-flopping scumbag.
If you honestly believe that you lack the intelligence needed to vote. The man is a racist that wastes no opportunity to shit all over America and it's constitution.
We need a leader during these tough times, not a flip-flopping scumbag.
-- Edited by Turbo89 at 19:33, 2008-10-10
macain is no better!!! he wants the taxpayers to eat all costs of the bad home loans out there!! and he wasnt even attempting to do anything about the prices of oil/gas
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peace, love and go fuck yourself!!!!!
\m/ (-_-) \m/
If you honestly believe that you lack the intelligence needed to vote. The man is a racist that wastes no opportunity to shit all over America and it's constitution.
We need a leader during these tough times, not a flip-flopping scumbag.
If you honestly believe that you lack the intelligence needed to vote. The man is a racist that wastes no opportunity to shit all over America and it's constitution.
We need a leader during these tough times, not a flip-flopping scumbag.
-- Edited by Turbo89 at 19:33, 2008-10-10
macain is no better!!! he wants the taxpayers to eat all costs of the bad home loans out there!! and he wasnt even attempting to do anything about the prices of oil/gas
the price of gas will never come down again.you will never see 99 cent a gal.again shit we will never see anything lower t han 250 a gal again,
i think to see another republican in office the price of gas will have to come down some. and i think its kinda ironic how its been on the rise when bush came in and going down on his way out.....im looking forward to the next couple of years. and i hope every asshole who bough a house they couldnt afford has to work their cock off to pay for it. because that the responsibility you take when you sign the papers
the price of gas will never come down again.you will never see 99 cent a gal.again shit we will never see anything lower t han 250 a gal again,
gas should not b over $2 a gal!!!!! why is it that that gas as is only down a 1.25 from record highs of like 148 a barrel and now its under 78 a barrel gas is still at 3.07???
__________________
peace, love and go fuck yourself!!!!!
\m/ (-_-) \m/
If you honestly believe that you lack the intelligence needed to vote. The man is a racist that wastes no opportunity to shit all over America and it's constitution.
We need a leader during these tough times, not a flip-flopping scumbag.
-- Edited by Turbo89 at 19:33, 2008-10-10
Hold on you knocked the kid because he voiced his opinion but then you make a claim that Obama is a racist with no proof to back up your post? What makes him a racist? He's half black? He's half white? His name?
Have you bothered to watch ANY of the debates? McCain hasn't made a clean answer on ANYTHING. He attempts to take cheap shots at Obama constantly, and then gets chewed up, swallowed and shit out quicker than than your twin turboed Stang can make it down the 1/4.
Let me guess you thought George W. was a good idea at the time too right?
This is why I avoid political discussions...because personal attacks get made and people get way too fired up.
Hold on you knocked the kid because he voiced his opinion but then you make a claim that Obama is a racist with no proof to back up your post? What makes him a racist? He's half black? He's half white? His name?
Have you bothered to watch ANY of the debates? McCain hasn't made a clean answer on ANYTHING. He attempts to take cheap shots at Obama constantly, and then gets chewed up, swallowed and shit out quicker than than your twin turboed Stang can make it down the 1/4.
Let me guess you thought George W. was a good idea at the time too right?
This is why I avoid political discussions...because personal attacks get made and people get way too fired up.
Nelson,
I like you way to much to come across as a total dick, but I won't stop from defending myself.
If you need proof that the man is a racist, you have not been watching the race very closely yourself. The man spend 20+ attending a black theology church. Here is a very famous black theology quote:
"If God is not for us and against White people, then he is a murderer and we had better kill him"
Now I don't know about you, but if I were to sit in a church with these ideals for 20+ yrs, I would be either (a) A racist who believes in these ideals, or (B) a complete moron that just can't understand what is being said... Barrack is no moron.
Now for the record, I am a registered Independent, and I don't support anything Bush has done over the past 4 yrs (except how he has managed to keep terrorist attacks off of American soil). Furthermore, you claim that McCain hasn't "made a clean anwser on anything" may be true... But I'd beg to say the same thing about Obama. Unlse you consider the response "Above my paygrade" is a "clean" anwser/
Lastly, could you do me one big favor and explain what "Change" O'bama is actually go to bring about?
Again, I'm not trying to be a dick, I am mearly fighting for what I believe in.
That was a very well stated answer and don't take it as being a dick at all Cal. I do think you are a good guy and don't want my last response to be offensive at all. I just always see these debates go bad.
As for him being a racist, I find it hard to believe that it's possible to be racist when your mother is white and your father is black. I mean if you can be racist against your mother, or father, for that fact, then man you must be a little demented lol. I do find it possible that the man may be a part of this church so that he may impress the black voters, and well, obviously, it may deter some white voters due to the fact that there are quotes floating around out there like the one you posted.
Either way, lucky for us, this country will be given the opportunity to vote on one, of these 2 evils, yes I do believe that neither is the best choice for our country right now, but hell we'll learn within the next few years whether or not we are wrong, and honestly can only pray for the best at this point.
If you honestly believe that you lack the intelligence needed to vote. The man is a racist that wastes no opportunity to shit all over America and it's constitution.
We need a leader during these tough times, not a flip-flopping scumbag.
-- Edited by Turbo89 at 19:33, 2008-10-10
Hold on you knocked the kid because he voiced his opinion but then you make a claim that Obama is a racist with no proof to back up your post? What makes him a racist? He's half black? He's half white? His name?
Have you bothered to watch ANY of the debates? McCain hasn't made a clean answer on ANYTHING. He attempts to take cheap shots at Obama constantly, and then gets chewed up, swallowed and shit out quicker than than your twin turboed Stang can make it down the 1/4.
Let me guess you thought George W. was a good idea at the time too right?
This is why I avoid political discussions...because personal attacks get made and people get way too fired up.
well put. McCain stands there and lies throughout the whole debate, claiming Obama has stated facts then he never said, like whoever doesnt have healthcare will be fined, F*** McCain, when did Obama say that? Never, Or that he was going to "attack" Pakastan. I think Obama will do the least damage, McCain will continue to lie his way through office and will just make shit worse. IMHO
i disagree with the president being killed.... i dont think its possible in this day in age. in this country they would kill 1 million Americans to keep the president alive.