The Real Obama

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Here is a quick look into 3 former Fannie Mae executives who have 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. At the time of his departure The Wall Street Journal noted, " Raines, who long defended the company's accounting despite mounting evidence that it wasn't proper, issued a statement late Tuesday conceding that "mistakes were made" and saying he would assume responsibility as he had earlier promised. News reports indicate the company was under growing pressure from regulators to shake up its management in the wake of findings that the company's books ran afoul of generally accepted accounting principles for four years." Fannie Mae had to r educe its surplus by $9 billion.
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. http://housingdoom.com/2006/12/18/fannie-char... .

The Government noted, "The 101 charges reveal how the individuals improperly manipulated earnings to maximize their bonuses, while knowingly neglecting accounting systems and internal controls, misapplying over twenty accounting principles and misleading the regulator and the public. The Notice explains how they submitted six years of misleading and inaccurate accounting statements and inaccurate capital reports that enabled them to grow Fannie Mae in an unsafe and unsound manner." These charges were made in 2006. The Court ordered Raines to return $50 Million Dollars he received in bonuses based on the miss-stated Fannie Mae profits.

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. In everyday English - he was cooking the books. The Government Investigation determined that, "Chief Finan cial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie Mae,"

On June 16, 2006, Rep. Richard Baker, R-La., asked the Justice Department to investigate his allegations that two former Fannie Mae executives lied to Congress in October 2004 when they denied manipulating the mortgage-finance giant's income statement to achieve management pay bonuses. 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. A look at the Office of Federal Housing Enterprise Oversight's May 2006 report on mismanage ment and corruption inside Fannie Mae, and you'll see some interesting things about Johnson. 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 Fannie Mae. Johnson's Golden Parachute was estimated at $28 Million.


WHERE ARE THEY NOW?

FRANKLIN RAINES? Raines works for the Obama Campaign as Chief Economic Advisor - WHY ISN"T THIS FRONT PAGE NEWS!!!!!



TIM HOWARD? Howard is also a Chief Economic Advisor to Obama



JIM JOHNSON? Johnson hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee

IF OBAMA PLANS ON CLEANING UP THE MESS - HIS ADVISORS HAVE THE EXPERTISE - THEY MADE THE MESS IN THE FIRST PLACE. Would you trust the men who tore Wall Street down to build the New Wall Street? And by the way, Obama was the second largest recipient of donations from Freddie and Fannie. Chris Dodd, Democrat chairman of the Senate Banking Committee, was the only one to receive more money from these corrupt individuals than Obama!

Tilt wrote:

The Government noted,

Where's Davis these days?

I came here hoping to find out some good information about Obama. I guess that kind of information just doesn't exist. That clinches it for me, there is no good information about him to find. Does anyone know, What Barrack Obama has done for the United States? EVER? I have been asking that for days on several threads and no one has an answer.

What wrote:

I came here hoping to find out some good information about Obama. I guess that kind of information just doesn't exist. That clinches it for me, there is no good information about him to find. Does anyone know, What Barrack Obama has done for the United States? EVER? I have been asking that for days on several threads and no one has an answer.

Ladies and gentlemen, the next president of the United States of America, Barack Obama. Standing O, good to see Bush leaving.

Wondering wrote:

<quoted text>
Ladies and gentlemen, the next president of the United States of America, Barack Obama. Standing O, good to see Bush leaving.

You reap what you sow and deserve everything you get.

Republican smear tactics aren't needed. Democratic smear tactics aren't needed.

The truth is the truth even for those who blind themselves to it.

Wondering wrote:

<quoted text>
Ladies and gentlemen, the next president of the United States of America, Barack Obama. Standing O, good to see Bush leaving.

That is rhetorical BS. You still haven't answered the question-

What has Barrack Obama done for the United States of America?

Tilt wrote:

The Government noted, "The 101 charges reveal how the individuals improperly manipulated earnings to maximize their bonuses, while knowingly neglecting accounting systems and internal controls, misapplying over twenty accounting principles and misleading the regulator and the public. The Notice explains how they submitted six years of misleading and inaccurate accounting statements and inaccurate capital reports that enabled them to grow Fannie Mae in an unsafe and unsound manner." These charges were made in 2006. The Court ordered Raines to return $50 Million Dollars he received in bonuses based on the miss-stated Fannie Mae profits.
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. In everyday English - he was cooking the books. The Government Investigation determined that, "Chief Finan cial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie Mae,"
On June 16, 2006, Rep. Richard Baker, R-La., asked the Justice Department to investigate his allegations that two former Fannie Mae executives lied to Congress in October 2004 when they denied manipulating the mortgage-finance giant's income statement to achieve management pay bonuses. 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. A look at the Office of Federal Housing Enterprise Oversight's May 2006 report on mismanage ment and corruption inside Fannie Mae, and you'll see some interesting things about Johnson. 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 Fannie Mae. Johnson's Golden Parachute was estimated at $28 Million.
WHERE ARE THEY NOW?
FRANKLIN RAINES? Raines works for the Obama Campaign as Chief Economic Advisor - WHY ISN"T THIS FRONT PAGE NEWS!!!!!
TIM HOWARD? Howard is also a Chief Economic Advisor to Obama
JIM JOHNSON? Johnson hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee
IF OBAMA PLANS ON CLEANING UP THE MESS - HIS ADVISORS HAVE THE EXPERTISE - THEY MADE THE MESS IN THE FIRST PLACE. Would you trust the men who tore Wall Street down to build the New Wall Street? And by the way, Obama was the second largest recipient of donations from Freddie and Fannie. Chris Dodd, Democrat chairman of the Senate Banking Committee, was the only one to receive more money from these corrupt individuals than Obama!

BINGO! Democrats Suck this time around and that's the bottom line! Especially since they have effected everyone's "bottom line."

Wondering wrote:

<quoted text>
Ladies and gentlemen, the next president of the United States of America, Barack Obama. Standing O, good to see Bush leaving.

So, anyway, What did Barrack Hussein Obama do for the United States of America?

Still waiting......

What wrote:

<quoted text>
That is rhetorical BS. You still haven't answered the question-
What has Barrack Obama done for the United States of America?

Here's the deal. We have two mediorce candidates. I'm going with the one that can remember what he said yesterday. The one that wants to repair our broken infrastructure. The one who hasn't gone 100% negative campaign in an act of deseration. Obama 08.

What wrote:

<quoted text>
So, anyway, What did Barrack Hussein Obama do for the United States of America?
Still waiting......

Its what he's "going to do" TO the US once in office that has me up in arms. Its like that REM song, "Its the end of the world as we know it".
I swear the only people who would vote for Obama are totally naive and somewhat immature young adults that have not a clue what they are getting into. The others are just sheep being lead to the slaughter.

Old Navy Guy wrote:

<quoted text>
Its what he's "going to do" TO the US once in office that has me up in arms. Its like that REM song, "Its the end of the world as we know it".
I swear the only people who would vote for Obama are totally naive and somewhat immature young adults that have not a clue what they are getting into. The others are just sheep being lead to the slaughter.

You must be Nostradamus, seer of the future. McCain doesn't have an original thought, he's ready for the retirement home, the country is near chaos and you want more republican 'leadership'. I think it is you that is without clue.

Wondering wrote:

<quoted text>
Here's the deal. We have two mediorce candidates. I'm going with the one that can remember what he said yesterday. The one that wants to repair our broken infrastructure. The one who hasn't gone 100% negative campaign in an act of deseration. Obama 08.

You forgot to mention: The one that has no experience, the one that has terrorists for cohorts, the one that we know nothing about his personal life, the one that has ZERO executive experience, the one that went to a racist church that supports terrorism for 20 years of his life, etc, etc. etc.

Obama is not capable of keeping 1 - NOT 1 of his campaign promises. He has done nothing thus far and he will continue to do nothing for the rest of his natural life. All that he ever doe is what is good for Obama, not what is good for the USA. The funny thing is, you and the Obamabot Nation are so bamboozled by him and his BS speeches that you stick by him like he is the Messiah. If you can't say 1 thing that he has done, what makes you think that he is capable of anything at all? Because he is running for President and he says so? You and your Obamabot nation are so naive and complacent. Wake up and smell the BS! That is all that guy is capable of producing - Nothing Else!

Wondering wrote:

<quoted text>
You must be Nostradamus, seer of the future. McCain doesn't have an original thought, he's ready for the retirement home, the country is near chaos and you want more republican 'leadership'. I think it is you that is without clue.

Nah, he is just the lesser of 2 evils....They both s-uck, just Obama is worse and I do not want a Socialist govt. It will destroy the USA.

Old Navy Guy wrote:

<quoted text>
Nah, he is just the lesser of 2 evils....They both s-uck, just Obama is worse and I do not want a Socialist govt. It will destroy the USA.

The U.S. is already being destroyed. Just look around. I was in the Navy and when I enlisted I was ready to do anything that they asked of me. I can't say that I would feel that way today. Even the flag represented the rich history of this country and today it represents the government to me. The word itself is an interesting one, government. It means they tell you what to do and you're supposed to just lay down and do it. They beg for your vote every four years and after they get it they don't know you but they own you. Sorry, I just have to give the dems a shot, the repubs are just a sinkhole.

Once voters are in the privacy of the voting booth, trust me, they will NOT be voting for obama... The stock market can't handle a socialist government; Wall Street is afraid obama will be president and that is why it is reacting the way it is right now.

Once voters are in the privacy of the voting booth, trust me, they will NOT be voting for obama... He will lead us to a socialist form of government which is why Wall Street is racting the way it is as they, too, fear he will be elected. Enough said...

The Chelmsford Flash wrote:

Absolutely!
By the very party that has enslaved you you're entire life.
Dems. have controlled the cash register in Washington for 31 of the last 46 years, it gets even worse, much worse when you backtrack to 1932 and FDR.
How much more Democratic control can you suffer?
You're about to find out, and we will be laughing all the way to the bank.
<quoted text>

Go walk Jerry's dog, power wash your trailer if you have the rental fee.

Senior moments:
http://www.youtube.com/watch...

What have the Democrats done in the last 2 years they have been in the majority in Congress?

Barack Hussein Obama’s cousin Raila Odinga is seeking high office in Kenya, another socialist who has signed on with the the radical Islamists. Watch Obama as he campaigns for him.
http://www.youtube.com/watch...
This video is 8 minutes long. I encourage everyone to take the time to watch it in it's entirety. I will say it is kind of slow, but by the end of the video you will know exactly why I sent it. I feel very strongly that this and other information is necessary to be passed along. I may just be being an alarmist, but I do feel like there is more behind Barack Obama than we could even begin to know. This is not about me being political it's about me being a very concerned American. All I ask if for you to watch.......
this is just the tip of the iceberg folks.
NOT ANOTHER HUSSEIN!
McCain/Palin 2008