Franklin Raines, the Clinton-era head of corrupted Fannie Mae, does not feel your pain. While Barack Obama rails about unfettered greed and callous Washington lobbyists, his friend and consultant made off like a bandit…and has just sold and bought multi-millionaire homes.
Crisis? What crisis? Sacrifice? What sacrifice?
From Washingtonian magazine:
http://www.washingtonian.com/article...rden/9310.html
Quote:
|
Franklin Raines, the former top man at Fannie Mae, bought a three-bedroom, seven-bath penthouse condominium in the West End’s Ritz-Carlton Residences for $4.9 million. The condo has a rooftop terrace with a hot tub, a butler’s pantry, and three parking spaces. Raines, director of the US Office of Management and Budget under President Clinton, was CEO of Fannie Mae from 1999 to 2004.
|
Via USAToday, we learn that Raines just sold his old home after splitting with his wife for $7.6 million.
http://blogs.usatoday.com/ondeadline...nie-mae-c.html
A quick reminder:
Quote:
|
“Regulators have said that of the $90 million paid to Mr. Raines from 1998 to 2003 at least $52 million — more than half — was tied to bonus targets that were reached by manipulating accounting,” The New York Times reported two years ago.
|
Wouldn’t it be a novel idea if McCain himself would start hitting on this?
Sigh. Never mind…