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Sunday, January 29, 2012

Right Wing Misinformation from GOP Front Foundations

From the DC underground:

Checked this out on Snopes. It is all a lie. There is a guy at the Heritage Foundation/AEI whose job it is to generate one of these lies every day and start circulating it through the viewers of Fox Noise. He gets paid over $200,000 a year to do this and lives in a mansion in Potomac next to the Avenel Country Club.

The three who brought down Wall Street.

Here's a quick look into the three former Fannie Mae executives who brought down Wall Street.

Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae.
Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregularities in Fannie Mae's accounting activities.Raines left with a "golden parachute valued at $240 Million in benefits.
> The Government filed suit against Raines when the depth of the accounting scandal became clear.

Tim Howard - was the Chief Financial Officer of Fannie Mae. Howard "was a strong internal proponent of using accounting strategies that would ensure a "stable pattern of earnings" at Fannie. Investigations by federal regulators and the company's board of directors since concluded that management did manipulate 1998 earnings to trigger bonuses. Raines and Howard resigned under pressure in late 2004. Howard's Golden Parachute was estimated at $20 Million!

Jim Johnson - A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO. Investigators found that Fannie Mae had hidden a substantial amount of Johnson's 1998 compensation
from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million." Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of FannieMae.
Johnson's Golden Parachute was estimated at $28 Million.

WHERE ARE THEY NOW?

Raines works for the Obama Campaign as his Chief Economic Advisor.
Howard is a Chief Economic Advisor to Obama under Franklin Raines.
Johnson was hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee.

Our government is rotten to the core ! Are we stupid or what? Vote in 2012..it is the most important election of our lives.

2 Comments:

Blogger KISSWeb said...

That thing has been circulating, and debunked by independent fact checkers, since the fall of 2008.

2:45 AM  
Blogger KISSWeb said...

This comment has been removed by the author.

2:45 AM  

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