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| Jamie Gorelick Major Beneficiary of Fraud at Fannie Mae |
| 2005-04-08 |
| You will recall that Gorelick is the 9/11 Commission member and Clinton Administration Justice Dept. official who erected "the wall" between intelligence agencies and law enforcement that made keeping foreign terrorists out of the U.S. all but impossible. EFL Fannie Mae employees falsified signatures on accounting transactions that helped the company meet earnings targets for 1998, a "manipulation" that triggered multimillion-dollar bonuses for top executives, a federal regulator said yesterday. Armando Falcon Jr., director of the Office of Federal Housing Enterprise Oversight, said the entries were related to the movement of $200 million in expenses from 1998 to later periods. The result of the changes was an increase in Fannie Mae's 1998 earnings per share and the release of a $27.1 million bonus pool for senior executives. Fannie Mae reported paying the following executive bonuses in 1998: chairman and chief executive James A. Johnson received $1.932 million; Franklin D. Raines, chairman-designate, received $1.11 million; Chief Operating Officer Lawrence M. Small received $1.108 million; Vice Chairman Jamie S. Gorelick received $779,625; Chief Financial Officer J. Timothy Howard received $493,750; and Robert J. Levin, an executive vice president, received $493,750. *snip* |
| Posted by:Biff Wellington |
| #6 The big punishment for bth is that they were on the fast track to cabinet appointments in the next Demo administration. They can kiss any job requiring Senate confirmation good-bye. Too bad they can't do the same for the nest two years of freedom. |
| Posted by: Mrs. Davis 2005-04-08 9:30:09 PM |
| #5 She'll get a punishment that's not quite as draconian as Sandy Bergler got. Maybe $8000 fine and suspended security clearance for the rest of the current administration. |
| Posted by: Jackal 2005-04-08 1:13:42 PM |
| #4 Johnson was a Kerry Campaign director as well....Don't count on prosecutions - Gorelick's been teflon coated for some unfathomable reason. She was the Clinton Administration developer of the "wall" between domestic and foreign intelligence sharing..we all remember how that turned out on Sept 11, 2001 |
| Posted by: Frank G 2005-04-08 11:28:23 AM |
| #3 Any prosecutions forthcoming? |
| Posted by: Bomb-a-rama 2005-04-08 11:09:50 AM |
| #2 A firm and repeated pummeling about the head, face, knees, hips, elbows and hands with a mini-baseball bat would be too good for him and his ilk. |
| Posted by: Tkat 2005-04-08 10:47:00 AM |
| #1 Franklin Raines was the biggest rip off artist by a long shot http://www.washingtonpost.com/wp-dyn/articles/A30435-2004Dec27.html The company said that under the terms of his contract, Raines's pension payment would amount to $1.373 million a year for the rest of his life. But Raines "has asserted" that his retirement won't take effect for another six months, allowing him to collect an additional $600,000 in salary and boosting his pension payment to $1.396 million a year, the filing said. |
| Posted by: sea cruise 2005-04-08 10:38:38 AM |