The Mother Of All Financial Scandals, The Fannie Mae and Freddie Mac racket

Jolie Rouge · 09-30-2008, 12:38 AM

All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008

Name Office State Party Grand Total Total from PACs Total from
Individuals

Dodd, Christopher J S CT D $165,400 $48,500 $116,900
Obama, Barack S IL D $126,349 $6,000 $120,349
Kerry, John S MA D $111,000 $2,000 $109,000
Bennett, Robert F S UT R $107,999 $71,499 $36,500
Bachus, Spencer H AL R $103,300 $70,500 $32,800
Blunt, Roy H MO R $96,950 $78,500 $18,450
Kanjorski, Paul E H PA D $96,000 $57,500 $38,500
Bond, Christopher S 'Kit' S MO R $95,400 $64,000 $31,400
Shelby, Richard C S AL R $80,000 $23,000 $57,000
Reed, Jack S RI D $78,250 $43,500 $34,750
Reid, Harry S NV D $77,000 $60,500 $16,500
Clinton, Hillary S NY D $76,050 $8,000 $68,050
Davis, Tom H VA R $75,499 $13,999 $61,500
Boehner, John H OH R $67,750 $60,500 $7,250
Conrad, Kent S ND D $64,491 $22,000 $42,491
Reynolds, Tom H NY R $62,200 $53,000 $9,200
Johnson, Tim S SD D $61,000 $20,000 $41,000
Pelosi, Nancy H CA D $56,250 $47,000 $9,250
Carper, Tom S DE D $55,889 $31,350 $24,539
Hoyer, Steny H H MD D $55,500 $51,500 $4,000
Pryce, Deborah H OH R $55,500 $45,000 $10,500
Emanuel, Rahm H IL D $51,750 $16,000 $35,750
Isakson, Johnny S GA R $49,200 $35,500 $13,700
Cantor, Eric H VA R $48,500 $46,500 $2,000
Crapo, Mike S ID R $47,250 $40,500 $6,750
Frank, Barney H MA D $42,350 $30,500 $11,850
Bean, Melissa H IL D $41,249 $34,999 $6,250
Bayh, Evan S IN D $41,100 $16,500 $24,600
McConnell, Mitch S KY R $41,000 $40,000 $1,000
Maloney, Carolyn B H NY D $39,750 $16,500 $23,250
Dorgan, Byron L S ND D $38,750 $30,500 $8,250
Miller, Gary H CA R $38,000 $31,500 $6,500
Rangel, Charles B H NY D $38,000 $14,750 $23,250
Tiberi, Patrick J H OH R $35,700 $32,600 $3,100
Bunning, Jim S KY R $33,802 $29,650 $4,152
Stabenow, Debbie S MI D $33,450 $32,000 $1,450
Chambliss, Saxby S GA R $33,250 $22,500 $10,750
Menendez, Robert S NJ D $31,250 $30,500 $750
Enzi, Mike S WY R $31,000 $27,500 $3,500
Van Hollen, Chris H MD D $30,700 $11,000 $19,700
Landrieu, Mary L S LA D $30,600 $20,000 $10,600
Murray, Patty S WA D $30,000 $23,000 $7,000
Clyburn, James E H SC D $29,750 $26,000 $3,750
Crowley, Joseph H NY D $29,700 $25,500 $4,200
Sessions, Pete H TX R $29,472 $24,000 $5,472
McCrery, Jim H LA R $29,000 $26,000 $3,000
Hooley, Darlene H OR D $28,750 $19,500 $9,250
Royce, Ed H CA R $28,600 $4,000 $24,600
Renzi, Rick H AZ R $28,250 $28,000 $250
Lieberman, Joe S CT I $28,250 $11,500 $16,750
Baucus, Max S MT D $27,500 $21,000 $6,500
Moore, Dennis H KS D $26,550 $25,500 $1,050
Coleman, Norm S MN R $24,690 $12,000 $12,690
Matheson, Jim H UT D $24,500 $24,000 $500
Schumer, Charles E S NY D $24,250 $1,500 $22,750
Durbin, Dick S IL D $23,750 $14,000 $9,750
Rogers, Mike H MI R $22,750 $21,000 $1,750
Lynch, Stephen F H MA D $22,500 $13,500 $9,000
Rockefeller, Jay S WV D $22,250 $5,000 $17,250
Smith, Gordon H S OR R $22,000 $20,000 $2,000
Mikulski, Barbara A S MD D $21,750 $16,500 $5,250
McCain, John S AZ R $21,550 $0 $21,550
Spratt, John M Jr H SC D $21,500 $17,000 $4,500
Brown-Waite, Ginny H FL R $21,000 $21,000 $0
Davis, Geoff H KY R $21,000 $19,500 $1,500
Velazquez, Nydia M H NY D $20,750 $16,750 $4,000
Baca, Joe H CA D $20,500 $20,200 $300
Alexander, Lamar S TN R $20,500 $20,000 $500
Allard, Wayne S CO R $20,250 $0 $20,250
Neugebauer, Randy H TX R $20,000 $20,000 $0
Nelson, Ben S NE D $20,000 $19,000 $1,000
Salazar, Ken S CO D $19,900 $17,000 $2,900
Jefferson, William J H LA D $19,250 $8,500 $10,750
Byrd, Robert C S WV D $18,500 $8,000 $10,500
Hatch, Orrin G S UT R $18,250 $12,500 $5,750
Miller, Brad H NC D $18,000 $16,500 $1,500
Sherman, Brad H CA D $18,000 $12,500 $5,500
Craig, Larry S ID R $18,000 $15,000 $3,000
Roberts, Pat S KS R $18,000 $18,000 $0
Waters, Maxine H CA D $17,800 $15,000 $2,800
Biggert, Judy H IL R $17,750 $15,500 $2,250
Gerlach, Jim H PA R $17,750 $16,500 $1,250
Reyes, Silvestre H TX D $17,550 $2,000 $15,550
LaTourette, Steven C H OH R $17,500 $17,500 $0
Brownback, Sam S KS R $17,300 $14,250 $3,050
Barrett, Gresham H SC R $17,250 $13,000 $4,250
Watt, Melvin L H NC D $17,250 $13,000 $4,250
Scott, David H GA D $17,000 $13,500 $3,500
King, Pete H NY R $16,750 $1,000 $15,750
Cummings, Elijah E H MD D $16,700 $10,000 $6,700
Grassley, Chuck S IA R $16,500 $14,500 $2,000
Cantwell, Maria S WA D $16,250 $0 $16,250
Domenici, Pete V S NM R $16,226 $7,000 $9,226
Herseth Sandlin, Stephanie H SD D $16,200 $4,500 $11,700
Putnam, Adam H H FL R $15,500 $15,500 $0
Feinstein, Dianne S CA D $15,250 $2,000 $13,250
Brown, Sherrod S OH D $15,000 $15,000 $0
Feeney, Tom H FL R $14,750 $13,500 $1,250
Sununu, John E S NH R $14,750 $0 $14,750
Hinojosa, Ruben H TX D $14,500 $13,000 $1,500
Capito, Shelley Moore H WV R $14,250 $8,000 $6,250
Burr, Richard S NC R $14,250 $13,500 $750
Jackson, Jesse Jr H IL D $14,000 $8,000 $6,000
Meeks, Gregory W H NY D $14,000 $13,500 $500
Cornyn, John S TX R $14,000 $12,000 $2,000
Collins, Susan M S ME R $13,000 $12,000 $1,000
Boxer, Barbara S CA D $12,750 $5,000 $7,750
McHenry, Patrick H NC R $12,500 $12,500 $0
Israel, Steve H NY D $12,050 $10,000 $2,050
Nunes, Devin Gerald H CA R $12,000 $12,000 $0
Davis, Artur H AL D $11,750 $11,500 $250
Martinez, Mel S FL R $11,750 $8,500 $3,250
Roskam, Peter H IL R $11,650 $8,500 $3,150
Pryor, Mark S AR D $11,650 $9,500 $2,150
Webb, James S VA D $11,550 $1,000 $10,550
Doolittle, John T H CA R $11,500 $11,500 $0
Harkin, Tom S IA D $11,450 $6,900 $4,550
Lee, Barbara H CA D $11,250 $11,000 $250
Thune, John S SD R $11,057 $1,000 $10,057
Klein, Ron H FL D $11,000 $11,000 $0
Mahoney, Tim H FL D $11,000 $11,000 $0
Fossella, Vito H NY R $10,750 $7,500 $3,250
Schultz, Debbie Wasserman H FL D $10,750 $9,750 $1,000
Thompson, Mike H CA D $10,600 $1,000 $9,600
Moran, Jim H VA D $10,500 $1,250 $9,250
Kennedy, Edward M S MA D $10,500 $3,000 $7,500
Clay, William L Jr H MO D $10,250 $8,500 $1,750
Payne, Donald M H NJ D $10,100 $5,500 $4,600
Dingell, John D H MI D $10,000 $7,000 $3,000
Lincoln, Blanche S AR D $10,000 $5,500 $4,500
Levin, Sander H MI D $9,800 $0 $9,800
Roybal-Allard, Lucille H CA D $9,800 $5,000 $4,800
Barrasso, John A S WY R $9,500 $9,500 $0
Nelson, Bill S FL D $9,500 $9,000 $500
Napolitano, Grace H CA D $9,300 $8,500 $800
Castle, Michael N H DE R $9,200 $7,000 $2,200
Drake, Thelma H VA R $9,000 $9,000 $0
Dreier, David H CA R $9,000 $7,000 $2,000
Bachmann, Michele Marie H MN R $8,850 $6,500 $2,350
Gonzalez, Charlie A H TX D $8,500 $5,000 $3,500
Lewis, John H GA D $8,500 $4,000 $4,500
Knollenberg, Joe H MI R $8,250 $5,000 $3,250
Moore, Gwen H WI D $8,250 $8,000 $250
Pastor, Ed H AZ D $8,100 $4,500 $3,600
Norton, Eleanor Holmes D DC D $8,000 $3,000 $5,000
Becerra, Xavier H CA D $8,000 $7,000 $1,000
Jackson Lee, Sheila H TX D $8,000 $0 $8,000
Larson, John B H CT D $8,000 $8,000 $0
Lewis, Jerry H CA R $8,000 $7,000 $1,000
Melancon, Charles J H LA D $8,000 $8,000 $0
Walsh, James T H NY R $7,750 $0 $7,750
Corker, Bob S TN R $7,750 $2,000 $5,750
Cramer, Bud H AL D $7,500 $7,000 $500
Cubin, Barbara H WY R $7,500 $5,000 $2,500
Ensign, John S NV R $7,300 $6,000 $1,300
Meek, Kendrick B H FL D $7,250 $6,500 $750
Wilson, Charlie H OH D $7,250 $7,000 $250
Leahy, Patrick S VT D $7,250 $2,500 $4,750
Cleaver, Emanuel H MO D $7,000 $7,000 $0
Marchant, Kenny Ewell H TX R $7,000 $7,000 $0
Thompson, Bennie G H MS D $7,000 $6,000 $1,000
Casey, Bob S PA D $7,000 $6,000 $1,000
Solis, Hilda L H CA D $6,800 $6,500 $300
Gordon, Bart H TN D $6,750 $4,000 $2,750
Pomeroy, Earl H ND D $6,750 $5,000 $1,750
Tiahrt, Todd H KS R $6,500 $6,500 $0
Boyd, Allen H FL D $6,000 $5,500 $500
Capuano, Michael E H MA D $6,000 $5,000 $1,000
Heller, Dean H NV R $6,000 $6,000 $0
Marshall, Jim H GA0 D $6,000 $6,000 $0
Whitfield, Ed H KY R $6,000 $6,000 $0
Klobuchar, Amy S MN D $5,650 $1,500 $4,150
Ross, Mike H AR D $5,550 $3,000 $2,550

Jolie Rouge · 09-30-2008, 12:40 AM

McCarthy, Carolyn H NY D $5,500 $5,500 $0
Slaughter, Louise M H NY D $5,500 $5,500 $0
Hodes, Paul W H NH D $5,450 $5,000 $450
Cardin, Ben S MD D $5,300 $500 $4,800
Boren, Dan H OK D $5,250 $5,000 $250
Ackerman, Gary H NY D $5,000 $4,000 $1,000
Andrews, Robert E H NJ D $5,000 $0 $5,000
Camp, Dave H MI R $5,000 $5,000 $0
Cole, Tom H OK R $5,000 $5,000 $0
Davis, Lincoln H TN D $5,000 $5,000 $0
Hill, Baron H IN D $5,000 $5,000 $0
Pearce, Steve H NM R $5,000 $5,000 $0
Perlmutter, Edwin G H CO D $5,000 $5,000 $0
Weller, Jerry H IL R $5,000 $0 $5,000
Snowe, Olympia J S ME R $5,000 $4,000 $1,000
Wicker, Roger S MS R $5,000 $5,000 $0
Davis, Danny K H IL D $4,950 $2,000 $2,950
Chabot, Steve H OH R $4,750 $3,000 $1,750
Honda, Mike H CA D $4,750 $4,000 $750
Price, David H NC D $4,550 $2,050 $2,500
Hagel, Chuck S NE R $4,500 $0 $4,500
Lugar, Richard G S IN R $4,500 $1,000 $3,500
Kaptur, Marcy H OH D $4,350 $1,000 $3,350
McCollum, Betty H MN D $4,350 $0 $4,350
Carson, Andre H IN D $4,250 $4,000 $250
Obey, David R H WI D $4,250 $2,000 $2,250
Salazar, John H CO D $4,250 $4,000 $250
Sanchez, Loretta H CA D $4,250 $3,000 $1,250
Tanner, John H TN D $4,250 $3,500 $750
Cardoza, Dennis H CA D $4,000 $4,000 $0
English, Phil H PA R $4,000 $4,000 $0
Green, Al H TX D $4,000 $4,000 $0
Kilpatrick, Carolyn Cheeks H MI D $4,000 $3,250 $750
Murphy, Chris H CT D $4,000 $4,000 $0
Tester, Jon S MT D $4,000 $3,500 $500
Rodriguez, Ciro D H TX D $3,750 $3,000 $750
Donnelly, Joe H IN D $3,500 $3,500 $0
Matsui, Doris O H CA D $3,500 $2,500 $1,000
Paul, Ron H TX R $3,500 $0 $3,500
Price, Tom H GA R $3,500 $3,500 $0
Schmidt, Jean H OH R $3,500 $2,500 $1,000
Wexler, Robert H FL D $3,500 $3,500 $0
Wyden, Ron S OR D $3,500 $0 $3,500
Biden, Joseph R Jr S DE D $3,300 $0 $3,300
Gutierrez, Luis V H IL D $3,250 $2,500 $750
Harman, Jane H CA D $3,250 $0 $3,250
Hensarling, Jeb H TX R $3,250 $1,500 $1,750
Kennedy, Patrick J H RI D $3,250 $0 $3,250
Ryan, Paul H WI R $3,250 $2,500 $750
Myrick, Sue H NC R $3,200 $1,500 $1,700
Schwartz, Allyson H PA D $3,200 $2,000 $1,200
Diaz-Balart, Lincoln H FL R $3,000 $3,000 $0
Lucas, Frank D H OK R $3,000 $1,500 $1,500
McCarthy, Kevin H CA R $3,000 $3,000 $0
Souder, Mark E H IN R $3,000 $3,000 $0
Udall, Mark H CO D $3,000 $2,500 $500
Bingaman, Jeff S NM D $3,000 $3,000 $0
Levin, Carl S MI D $3,000 $3,000 $0
Stevens, Ted S AK R $3,000 $3,000 $0
Hobson, Dave H OH R $2,850 $0 $2,850
Johnson, Eddie Bernice H TX D $2,825 $1,000 $1,825
Berkley, Shelley H NV D $2,750 $2,000 $750
Jones, Walter B Jr H NC R $2,750 $0 $2,750
Ferguson, Mike H NJ R $2,700 $0 $2,700
Cannon, Chris H UT R $2,500 $2,000 $500
Childers, Travis W H MS D $2,500 $2,500 $0
DeGette, Diana H CO D $2,500 $2,000 $500
Ellison, Keith H MN D $2,500 $2,500 $0
Keller, Ric H FL R $2,500 $2,000 $500
Oberstar, James L H MN D $2,500 $0 $2,500
Serrano, Jose E H NY D $2,500 $1,500 $1,000
Shays, Christopher H CT R $2,500 $2,000 $500
McCaskill, Claire S MO D $2,500 $2,500 $0
Cuellar, Henry H TX D $2,450 $2,000 $450
Markey, Edward J H MA D $2,250 $0 $2,250
Smith, Adam H WA D $2,250 $2,000 $250
Butterfield, G K H NC D $2,000 $2,000 $0
Costa, Jim H CA D $2,000 $2,000 $0
Foster, Bill H IL D $2,000 $2,000 $0
Grijalva, Raul M H AZ D $2,000 $2,000 $0
Hastings, Doc H WA R $2,000 $2,000 $0
Moran, Jerry H KS R $2,000 $0 $2,000
Murphy, Patrick J H PA D $2,000 $2,000 $0
Olver, John W H MA D $2,000 $2,000 $0
Porter, Jon H NV R $2,000 $2,000 $0
Regula, Ralph H OH R $2,000 $0 $2,000
Reichert, Dave H WA R $2,000 $2,000 $0
Sanchez, Linda H CA D $2,000 $2,000 $0
Sires, Albio H NJ D $2,000 $2,000 $0
Tauscher, Ellen H CA D $2,000 $2,000 $0
Akaka, Daniel K S HI D $2,000 $2,000 $0
Cochran, Thad S MS R $2,000 $2,000 $0
Whitehouse, Sheldon S RI D $2,000 $1,000 $1,000
Allen, Tom H ME D $1,950 $0 $1,950
Stearns, Cliff H FL R $1,850 $1,850 $0
DeLauro, Rosa L H CT D $1,750 $1,000 $750
Towns, Edolphus H NY D $1,750 $0 $1,750
Hulshof, Kenny H MO R $1,700 $1,250 $450
Fattah, Chaka H PA D $1,500 $1,000 $500
Neal, Richard E H MA D $1,500 $1,500 $0
Diaz-Balart, Mario H FL R $1,450 $1,000 $450
Kucinich, Dennis J H OH D $1,349 $0 $1,349
Alexander, Rodney H LA R $1,250 $1,250 $0
Carnahan, Russ H MO D $1,250 $1,000 $250
Wilson, Heather A H NM R $1,250 $0 $1,250
Coburn, Tom S OK R $1,250 $0 $1,250
Feingold, Russ S WI D $1,250 $0 $1,250
Kyl, Jon S AZ R $1,250 $0 $1,250
Linder, John H GA R $1,150 $500 $650
Sestak, Joe H PA D $1,150 $0 $1,150
Specter, Arlen S PA R $1,100 $350 $750
Berry, Marion H AR D $1,000 $1,000 $0
Blackburn, Marsha H TN R $1,000 $1,000 $0
Boswell, Leonard L H IA D $1,000 $1,000 $0
Boucher, Rick H VA D $1,000 $1,000 $0
Boustany, Charles W Jr H LA R $1,000 $1,000 $0
Calvert, Ken H CA R $1,000 $1,000 $0
Campbell, John H CA R $1,000 $1,000 $0
Cazayoux, Donald J H LA D $1,000 $1,000 $0
Conaway, Mike H TX R $1,000 $1,000 $0
Cooper, Jim H TN D $1,000 $500 $500
Ellsworth, Brad H IN D $1,000 $1,000 $0
Filner, Bob H CA D $1,000 $0 $1,000
Graves, Sam H MO R $1,000 $1,000 $0
Hayes, Robin H NC R $1,000 $0 $1,000
Higgins, Brian M H NY D $1,000 $1,000 $0
Johnson, Hank H GA D $1,000 $0 $1,000
Latham, Tom H IA R $1,000 $1,000 $0
Lofgren, Zoe H CA D $1,000 $0 $1,000
McNerney, Jerry H CA D $1,000 $1,000 $0
Michaud, Mike H ME D $1,000 $1,000 $0
Mitchell, Harry E H AZ D $1,000 $1,000 $0
Musgrave, Marilyn H CO R $1,000 $0 $1,000
Ortiz, Solomon P H TX D $1,000 $1,000 $0
Rush, Bobby L H IL D $1,000 $0 $1,000
Schiff, Adam H CA D $1,000 $1,000 $0
Scott, Robert C H VA D $1,000 $0 $1,000
Smith, Chris H NJ R $1,000 $0 $1,000
Space, Zachary T H OH D $1,000 $1,000 $0
Terry, Lee H NE R $1,000 $0 $1,000
Walberg, Tim H MI R $1,000 $0 $1,000
Welch, Peter H VT D $1,000 $1,000 $0
Wolf, Frank R H VA R $1,000 $1,000 $0
Dole, Elizabeth S NC R $1,000 $0 $1,000
Lautenberg, Frank R S NJ D $1,000 $0 $1,000
Christian-Green, Donna D VI D $750 $0 $750
Inslee, Jay R H WA D $750 $0 $750
Duncan, John J Jr H TN R $600 $600 $0
Bilbray, Brian P H CA R $500 $0 $500
Bishop, Sanford D Jr H GA D $500 $500 $0
Castor, Kathy H FL D $500 $0 $500
Edwards, Donna H MD D $500 $0 $500
Hinchey, Maurice H NY D $500 $0 $500
LaHood, Ray H IL R $500 $0 $500
Mack, Connie H FL R $500 $0 $500
Pascrell, Bill Jr H NJ D $500 $500 $0
Pickering, Charles "Chip" Jr H MS R $500 $500 $0
Rehberg, Denny H MT R $500 $0 $500
Sarbanes, John H MD D $500 $0 $500
Shadegg, John H AZ R $500 $0 $500
Skelton, Ike H MO D $500 $500 $0
Smith, Lamar H TX R $500 $500 $0
Stark, Pete H CA D $500 $500 $0
Weldon, Dave H FL R $500 $0 $500
Wu, David H OR D $500 $0 $500
Graham, Lindsey S SC R $500 $0 $500
Brown, Corrine H FL D $450 $0 $450
Turner, Michael R H OH R $375 $0 $375
Hastings, Alcee L H FL D $300 $0 $300
Warner, John W S VA R $300 $0 $300
Aderholt, Robert B H AL R $250 $0 $250
Arcuri, Michael H NY D $250 $0 $250
Carney, Chris H PA D $250 $0 $250
Dicks, Norm H WA D $250 $0 $250
Lampson, Nick H TX D $250 $0 $250
Manzullo, Don H IL R $250 $0 $250
Platts, Todd H PA R $250 $0 $250
Watson, Diane E H CA D $250 $0 $250
Weiner, Anthony D H NY D $250 $0 $250
DeMint, James W S SC R $250 $0 $250
Sanders, Bernie S VT I $250 $250 $0

Total $4,844,572 $3,017,797 $1,826,775

Sad, they they would sell their souls - and ours - so cheaply ...

LuvBigRip · 09-30-2008, 01:28 AM

Look at the date of the article

Fannie Mae Eases Credit To Aid Mortgage Lending

By STEVEN A. HOLMES
Published: September 30, 1999
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.

Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.

''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''

Quote:

From Wikipedia: In 2006, the OFHEO announced a suit against Raines in order to recover some or all of the $50 million in payments made to Raines based on the overstated earnings [6] initially estimated to be $9 billion but have been announced as 6.3 billion.[7].

Civil charges were filed against Raines and two other former executives by the OFHEO in which the OFHEO sought $110 million in penalties and $115 million in returned bonuses from the three accused.[8] 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. Raines also agreed to donate the proceeds from the sale of $1.8 million of his Fannie stock and to give up stock options. The stock options however have no value. Raines also gave up an estimated $5.3 million of "other benefits" said to be related to his pension and forgone bonuses.[9]

Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.

''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''

Under Fannie Mae's pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 -- a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.

Fannie Mae, the nation's biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.

Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites.

Home ownership has, in fact, exploded among minorities during the economic boom of the 1990's. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University's Joint Center for Housing Studies. During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent.

In contrast, the number of non-Hispanic whites who received loans for homes increased by 31.2 per cent.

Despite these gains, home ownership rates for minorities continue to lag behind non-Hispanic whites, in part because blacks and Hispanics in particular tend to have on average worse credit ratings.

In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.

The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants.

http://query.nytimes.com/gst/fullpag...=&pagewanted=1

tngirl · 09-30-2008, 08:04 AM

http://www.youtube.com/watch?v=_MGT_cSi7Rs

DrHolliday · 09-30-2008, 12:37 PM

Question: What do Franklin Raines (former CEO of Fannie Mae), Tim Howard (former CEO of Fannie Mae), and Jim Johnson (former CFO of Fannie Mae) all have in common?

Answer: All are Economic Advisors to Obama

jeanea33 · 09-30-2008, 12:41 PM

Quote:

Originally Posted by DrHolliday

Question: What do Franklin Raines (former CEO of Fannie Mae), Tim Howard (former CEO of Fannie Mae), and Jim Johnson (former CFO of Fannie Mae) all have in common?

Answer: All are Economic Advisors to Obama

Awesome point !

Jolie Rouge · 10-01-2008, 08:57 PM

Nothing we haven’t heard before, really, but at least people are starting to gather it all into one place and attach it to a thesis of sorts. From Investor’s Business Daily: http://license.icopyright.net/user/v...YxODI1Nw%3D%3D

Quote:

Barack Obama wasn’t just the second-largest recipient of Fannie Mae and Freddie Mac political contributions. He was also the senator from ACORN, the activist leader for risky “affirmative action” loans.

Despite efforts to blame the rescue bill’s failure on the GOP, it should be remembered that 95 Democrats — some 40% of the Democratic Caucus — withheld support. Obama himself also deserves blame — not only for the bill’s failure, but also for the crisis it was designed to solve.

As the New York Times reports, “Aides to Mr. Obama said he had not directly reached out to try to sway any House Democrats who opposed the measure.” Is the reason the fact that the slush fund for ACORN in the original bill, siphoning off 20% of any future profits for such activist groups, was trimmed from the tree?

Obama, who once represented ACORN in a lawsuit against the state of Illinois, was hired by the group to train its community organizers and staff in the methods and tactics of the late Saul Alinsky. ACORN would stage in-your-face protests in bank lobbies, drive-through lanes and even at bank managers’ homes to get them to issue risky loans in the inner city or face charges of racism.

In the early 1990s, reports Stanley Kurtz, senior fellow at the Ethics and Policy Center, Obama was personally recruited by Chicago’s ACORN to run training sessions in “direct action.” That’s the euphemism for the techniques used under the cover of the federal Community Reinvestment Act to intimidate financial institutions into giving what have been called “Ninja” loans — no income, no job, no assets — to people who couldn’t afford them.

CRA was designed to increase minority homeownership. Whenever a bank wanted to grow or expand, ACORN would file complaints that it was not sufficiently sensitive to the needs of minorities in providing home loans. Agitators would then be unleashed.

Chicago’s ACORN used Alinsky’s tactics against institutions such as Bell Federal Savings and Loan and Avondale Federal Savings. In September 1992, the Chicago Tribune described the group’s agenda as “affirmative action lending.”

Obama also helped ACORN get funding. When he served on the board of the Woods Fund for Chicago with Weather Underground terrorist William Ayers, the Woods Fund frequently gave ACORN grants to fund its activist agenda.

[...]

The CRA empowered regulators to punish banks that failed to “meet the credit needs” of “low-income, minority and distressed neighborhoods.” It gave groups such as ACORN a license and a means to intimidate banks, claiming they were “redlining” poor and minority neighborhoods. ACORN employed its tactics in 1991 by taking over the House Banking Committee room for two days to protest efforts to scale back the CRA.

As a former White House staff economist writes in the American Thinker, Obama represented ACORN in a 1994 suit against redlining. ACORN was also a driving force behind a 1995 regulatory revision pushed through by the Clinton administration that greatly expanded the CRA and helped spawn the current financial crisis.

Obama was the attorney representing ACORN in this effort. Last November, he told the group, “I’ve been fighting alongside ACORN on issues you care about my entire career.” Indeed he has. Obama was and is fully aware of what ACORN was doing with the money and expertise he provided. The voters should be aware on Nov. 4 of the roles of both in creating the current crisis.

As Michelle Obama reminds us, Barack Obama is a community organizer first and a politician second. And you don’t just shed decades worth of lessons in political radicalism — be it from communist party poets, the gospel of Black Liberation Theology, Alinsky’s Rules for Radicals, or Ayers’ finessing of Democratic machine politics in the service of radicalism and graft — simply because your advisers tell you to pretend you’ll govern “from the center.”

Which is why the recent Obama charge to campaign volunteers and supporters to get out there and “get in people’s faces” was delivered without a trace of irony or fear: Obama has been mau-mauing the flak catchers for years, and he never feels more comfortable than when he’s allowed to return to form. Only now, he’s taken his pimp operation national, and anyone who isn’t down with the “progressive agenda” — the audacity of Hope! — is fair game for intimidation and other forms of bullying.

Can you smell the change yet, people?

Why yes. YES YOU CAN!

http://proteinwisdom.com/?p=13352

DrHolliday · 10-02-2008, 10:46 AM

http://mcauleysworld.wordpress.com/2...en-parachutes/

Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae. He served as President Bill Clinton’s Budget Director. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregulaties 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.” http://www.washingtonpost.com/wp-dyn...022301805.html

Fannie Mae had to reduce its surplus by $9 billion. http://www.economist.com/finance/dis..._id=E1_PVQGGTT

Raines left with a “golden parachute valued at $240 Million in benefits. The Goverment filed suit against Raines when the depth of the acounting scandel became clear. http://housingdoom.com/2006/12/18/fannie-charges/ . 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 mis-stated Fannie Mae profits. WHERE IS RAINES NOW ? Raines works for the Obama Campaign as Chief Economic Advisor. http://en.wikipedia.org/wiki/Franklin_Raines , http://www.youtube.com/watch?v=SYI0mHWQeD8. The wikipedia site has be rewritten - contact wikipedia for an explanation - or search the WEB to for articles on the rewrite.

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. http://www.signonsandiego.com/uniont...d30bottom.html http://www.usatoday.com/money/compan...nnie-cfo_x.htm

The Government Investigation determined that, “Chief Financial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie Mae,” http://www.usatoday.com/money/compan...nnie-cfo_x.htm

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. http://www.usatoday.com/money/indust...ie-execs_x.htm

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. http://www.usatoday.com/money/indust...ie-execs_x.htm , http://michellemalkin.com/2004/09/23...acket/?print=1

Howard’s Golden Parachute was estimated at $20,000,000. http://accounting.smartpros.com/x46646.xml

Where is Howard now? Howard is a Chief Economic Advisor to Barack Obama. http://online.wsj.com/article/SB109770752803244715.html

Jim Johnson: A former aid to Walter Mondale, a former executive at Goldman Sachs and Lehman Brothers and who was later forced from his position as Fannie Mae CEO, was hired as a Senior Obama Finance Advisor. Johnson is so senior that he was selected to run Obama’s Vice Presidential Search Committee, the Committee that selected Joe Biden. http://www.associatedcontent.com/art...annie_mae.html

The National Review suggested - “Look at the former Fannie Mae Chief Obama choose for the job (selecting Biden). …. specifically, look at the Office of Federal Housing Enterprise Oversight’s May 2006 report on mismanagement 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.” http://corner.nationalreview.com/pos...IxNDQ4Nzc2NDc=

Now, this might seem the sort of inside-Washington dealing that Obama says he wants to change. If so, Obama will have Johnson himself there to help. http://corner.nationalreview.com/pos...IxNDQ4Nzc2NDc=

It is ironic that the National Review would have made that comment. Obama gave a speech Monday to Wall Street Bankers addressing the Finacial Crisis where he called for, ”reappraisal of values.” and stated “”The danger with this mentality isn’t just that it offends our morals, it’s that it endangers our markets,”. Obama’s Speech Writer - Jim Johnson. http://forestbrowne.newsvine.com/_ne...street-values-

This revelation contradicts earlier reports that Johnson had left the Campaign when he came under investigation for taking illegal loans from Country Wide Financial while serving as CEO at Fannie Mae. http://online.wsj.com/public/article...258665089.html

On September 9, 2008, Obama critized “Golden Parachute” payments to Fannie Mae executives. Jim John’s parachute at the time he left Fannie Mae was estimated at $28 Million. http://www.politico.com/news/stories...781_Page2.html

LuvBigRip · 10-08-2008, 05:07 PM

In their own words:

http://forthardknox.com/2008/09/28/s...onomic-crisis/

atprm · 10-08-2008, 05:14 PM

thanks for the link LBG...

http://ca.youtube.com/user/TheMouthPeace

it's truthful -- for a change.

09-30-2008, 12:38 AM	#34 (permalink)
Jolie Rouge C & P Queen Join Date: Oct 2000 Location: Missin' Mesue ... Posts: 33,944 iTrader: (2) Thanks: 732 Thanked 1,398 Times in 759 Posts	All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008 Name Office State Party Grand Total Total from PACs Total from Individuals Dodd, Christopher J S CT D $165,400 $48,500 $116,900 Obama, Barack S IL D $126,349 $6,000 $120,349 Kerry, John S MA D $111,000 $2,000 $109,000 Bennett, Robert F S UT R $107,999 $71,499 $36,500 Bachus, Spencer H AL R $103,300 $70,500 $32,800 Blunt, Roy H MO R $96,950 $78,500 $18,450 Kanjorski, Paul E H PA D $96,000 $57,500 $38,500 Bond, Christopher S 'Kit' S MO R $95,400 $64,000 $31,400 Shelby, Richard C S AL R $80,000 $23,000 $57,000 Reed, Jack S RI D $78,250 $43,500 $34,750 Reid, Harry S NV D $77,000 $60,500 $16,500 Clinton, Hillary S NY D $76,050 $8,000 $68,050 Davis, Tom H VA R $75,499 $13,999 $61,500 Boehner, John H OH R $67,750 $60,500 $7,250 Conrad, Kent S ND D $64,491 $22,000 $42,491 Reynolds, Tom H NY R $62,200 $53,000 $9,200 Johnson, Tim S SD D $61,000 $20,000 $41,000 Pelosi, Nancy H CA D $56,250 $47,000 $9,250 Carper, Tom S DE D $55,889 $31,350 $24,539 Hoyer, Steny H H MD D $55,500 $51,500 $4,000 Pryce, Deborah H OH R $55,500 $45,000 $10,500 Emanuel, Rahm H IL D $51,750 $16,000 $35,750 Isakson, Johnny S GA R $49,200 $35,500 $13,700 Cantor, Eric H VA R $48,500 $46,500 $2,000 Crapo, Mike S ID R $47,250 $40,500 $6,750 Frank, Barney H MA D $42,350 $30,500 $11,850 Bean, Melissa H IL D $41,249 $34,999 $6,250 Bayh, Evan S IN D $41,100 $16,500 $24,600 McConnell, Mitch S KY R $41,000 $40,000 $1,000 Maloney, Carolyn B H NY D $39,750 $16,500 $23,250 Dorgan, Byron L S ND D $38,750 $30,500 $8,250 Miller, Gary H CA R $38,000 $31,500 $6,500 Rangel, Charles B H NY D $38,000 $14,750 $23,250 Tiberi, Patrick J H OH R $35,700 $32,600 $3,100 Bunning, Jim S KY R $33,802 $29,650 $4,152 Stabenow, Debbie S MI D $33,450 $32,000 $1,450 Chambliss, Saxby S GA R $33,250 $22,500 $10,750 Menendez, Robert S NJ D $31,250 $30,500 $750 Enzi, Mike S WY R $31,000 $27,500 $3,500 Van Hollen, Chris H MD D $30,700 $11,000 $19,700 Landrieu, Mary L S LA D $30,600 $20,000 $10,600 Murray, Patty S WA D $30,000 $23,000 $7,000 Clyburn, James E H SC D $29,750 $26,000 $3,750 Crowley, Joseph H NY D $29,700 $25,500 $4,200 Sessions, Pete H TX R $29,472 $24,000 $5,472 McCrery, Jim H LA R $29,000 $26,000 $3,000 Hooley, Darlene H OR D $28,750 $19,500 $9,250 Royce, Ed H CA R $28,600 $4,000 $24,600 Renzi, Rick H AZ R $28,250 $28,000 $250 Lieberman, Joe S CT I $28,250 $11,500 $16,750 Baucus, Max S MT D $27,500 $21,000 $6,500 Moore, Dennis H KS D $26,550 $25,500 $1,050 Coleman, Norm S MN R $24,690 $12,000 $12,690 Matheson, Jim H UT D $24,500 $24,000 $500 Schumer, Charles E S NY D $24,250 $1,500 $22,750 Durbin, Dick S IL D $23,750 $14,000 $9,750 Rogers, Mike H MI R $22,750 $21,000 $1,750 Lynch, Stephen F H MA D $22,500 $13,500 $9,000 Rockefeller, Jay S WV D $22,250 $5,000 $17,250 Smith, Gordon H S OR R $22,000 $20,000 $2,000 Mikulski, Barbara A S MD D $21,750 $16,500 $5,250 McCain, John S AZ R $21,550 $0 $21,550 Spratt, John M Jr H SC D $21,500 $17,000 $4,500 Brown-Waite, Ginny H FL R $21,000 $21,000 $0 Davis, Geoff H KY R $21,000 $19,500 $1,500 Velazquez, Nydia M H NY D $20,750 $16,750 $4,000 Baca, Joe H CA D $20,500 $20,200 $300 Alexander, Lamar S TN R $20,500 $20,000 $500 Allard, Wayne S CO R $20,250 $0 $20,250 Neugebauer, Randy H TX R $20,000 $20,000 $0 Nelson, Ben S NE D $20,000 $19,000 $1,000 Salazar, Ken S CO D $19,900 $17,000 $2,900 Jefferson, William J H LA D $19,250 $8,500 $10,750 Byrd, Robert C S WV D $18,500 $8,000 $10,500 Hatch, Orrin G S UT R $18,250 $12,500 $5,750 Miller, Brad H NC D $18,000 $16,500 $1,500 Sherman, Brad H CA D $18,000 $12,500 $5,500 Craig, Larry S ID R $18,000 $15,000 $3,000 Roberts, Pat S KS R $18,000 $18,000 $0 Waters, Maxine H CA D $17,800 $15,000 $2,800 Biggert, Judy H IL R $17,750 $15,500 $2,250 Gerlach, Jim H PA R $17,750 $16,500 $1,250 Reyes, Silvestre H TX D $17,550 $2,000 $15,550 LaTourette, Steven C H OH R $17,500 $17,500 $0 Brownback, Sam S KS R $17,300 $14,250 $3,050 Barrett, Gresham H SC R $17,250 $13,000 $4,250 Watt, Melvin L H NC D $17,250 $13,000 $4,250 Scott, David H GA D $17,000 $13,500 $3,500 King, Pete H NY R $16,750 $1,000 $15,750 Cummings, Elijah E H MD D $16,700 $10,000 $6,700 Grassley, Chuck S IA R $16,500 $14,500 $2,000 Cantwell, Maria S WA D $16,250 $0 $16,250 Domenici, Pete V S NM R $16,226 $7,000 $9,226 Herseth Sandlin, Stephanie H SD D $16,200 $4,500 $11,700 Putnam, Adam H H FL R $15,500 $15,500 $0 Feinstein, Dianne S CA D $15,250 $2,000 $13,250 Brown, Sherrod S OH D $15,000 $15,000 $0 Feeney, Tom H FL R $14,750 $13,500 $1,250 Sununu, John E S NH R $14,750 $0 $14,750 Hinojosa, Ruben H TX D $14,500 $13,000 $1,500 Capito, Shelley Moore H WV R $14,250 $8,000 $6,250 Burr, Richard S NC R $14,250 $13,500 $750 Jackson, Jesse Jr H IL D $14,000 $8,000 $6,000 Meeks, Gregory W H NY D $14,000 $13,500 $500 Cornyn, John S TX R $14,000 $12,000 $2,000 Collins, Susan M S ME R $13,000 $12,000 $1,000 Boxer, Barbara S CA D $12,750 $5,000 $7,750 McHenry, Patrick H NC R $12,500 $12,500 $0 Israel, Steve H NY D $12,050 $10,000 $2,050 Nunes, Devin Gerald H CA R $12,000 $12,000 $0 Davis, Artur H AL D $11,750 $11,500 $250 Martinez, Mel S FL R $11,750 $8,500 $3,250 Roskam, Peter H IL R $11,650 $8,500 $3,150 Pryor, Mark S AR D $11,650 $9,500 $2,150 Webb, James S VA D $11,550 $1,000 $10,550 Doolittle, John T H CA R $11,500 $11,500 $0 Harkin, Tom S IA D $11,450 $6,900 $4,550 Lee, Barbara H CA D $11,250 $11,000 $250 Thune, John S SD R $11,057 $1,000 $10,057 Klein, Ron H FL D $11,000 $11,000 $0 Mahoney, Tim H FL D $11,000 $11,000 $0 Fossella, Vito H NY R $10,750 $7,500 $3,250 Schultz, Debbie Wasserman H FL D $10,750 $9,750 $1,000 Thompson, Mike H CA D $10,600 $1,000 $9,600 Moran, Jim H VA D $10,500 $1,250 $9,250 Kennedy, Edward M S MA D $10,500 $3,000 $7,500 Clay, William L Jr H MO D $10,250 $8,500 $1,750 Payne, Donald M H NJ D $10,100 $5,500 $4,600 Dingell, John D H MI D $10,000 $7,000 $3,000 Lincoln, Blanche S AR D $10,000 $5,500 $4,500 Levin, Sander H MI D $9,800 $0 $9,800 Roybal-Allard, Lucille H CA D $9,800 $5,000 $4,800 Barrasso, John A S WY R $9,500 $9,500 $0 Nelson, Bill S FL D $9,500 $9,000 $500 Napolitano, Grace H CA D $9,300 $8,500 $800 Castle, Michael N H DE R $9,200 $7,000 $2,200 Drake, Thelma H VA R $9,000 $9,000 $0 Dreier, David H CA R $9,000 $7,000 $2,000 Bachmann, Michele Marie H MN R $8,850 $6,500 $2,350 Gonzalez, Charlie A H TX D $8,500 $5,000 $3,500 Lewis, John H GA D $8,500 $4,000 $4,500 Knollenberg, Joe H MI R $8,250 $5,000 $3,250 Moore, Gwen H WI D $8,250 $8,000 $250 Pastor, Ed H AZ D $8,100 $4,500 $3,600 Norton, Eleanor Holmes D DC D $8,000 $3,000 $5,000 Becerra, Xavier H CA D $8,000 $7,000 $1,000 Jackson Lee, Sheila H TX D $8,000 $0 $8,000 Larson, John B H CT D $8,000 $8,000 $0 Lewis, Jerry H CA R $8,000 $7,000 $1,000 Melancon, Charles J H LA D $8,000 $8,000 $0 Walsh, James T H NY R $7,750 $0 $7,750 Corker, Bob S TN R $7,750 $2,000 $5,750 Cramer, Bud H AL D $7,500 $7,000 $500 Cubin, Barbara H WY R $7,500 $5,000 $2,500 Ensign, John S NV R $7,300 $6,000 $1,300 Meek, Kendrick B H FL D $7,250 $6,500 $750 Wilson, Charlie H OH D $7,250 $7,000 $250 Leahy, Patrick S VT D $7,250 $2,500 $4,750 Cleaver, Emanuel H MO D $7,000 $7,000 $0 Marchant, Kenny Ewell H TX R $7,000 $7,000 $0 Thompson, Bennie G H MS D $7,000 $6,000 $1,000 Casey, Bob S PA D $7,000 $6,000 $1,000 Solis, Hilda L H CA D $6,800 $6,500 $300 Gordon, Bart H TN D $6,750 $4,000 $2,750 Pomeroy, Earl H ND D $6,750 $5,000 $1,750 Tiahrt, Todd H KS R $6,500 $6,500 $0 Boyd, Allen H FL D $6,000 $5,500 $500 Capuano, Michael E H MA D $6,000 $5,000 $1,000 Heller, Dean H NV R $6,000 $6,000 $0 Marshall, Jim H GA0 D $6,000 $6,000 $0 Whitfield, Ed H KY R $6,000 $6,000 $0 Klobuchar, Amy S MN D $5,650 $1,500 $4,150 Ross, Mike H AR D $5,550 $3,000 $2,550 __________________ Laissez les bon temps rouler! Going to church doesn't make you a Christian any more than standing in a garage makes you a car. a 4 day work week & sex slaves ~ I say Tyt for PRESIDENT!** Not to be taken internally, literally or seriously ....Suki ebaynni IS THAT BETTER ?

09-30-2008, 12:40 AM	#35 (permalink)
Jolie Rouge C & P Queen Join Date: Oct 2000 Location: Missin' Mesue ... Posts: 33,944 iTrader: (2) Thanks: 732 Thanked 1,398 Times in 759 Posts	McCarthy, Carolyn H NY D $5,500 $5,500 $0 Slaughter, Louise M H NY D $5,500 $5,500 $0 Hodes, Paul W H NH D $5,450 $5,000 $450 Cardin, Ben S MD D $5,300 $500 $4,800 Boren, Dan H OK D $5,250 $5,000 $250 Ackerman, Gary H NY D $5,000 $4,000 $1,000 Andrews, Robert E H NJ D $5,000 $0 $5,000 Camp, Dave H MI R $5,000 $5,000 $0 Cole, Tom H OK R $5,000 $5,000 $0 Davis, Lincoln H TN D $5,000 $5,000 $0 Hill, Baron H IN D $5,000 $5,000 $0 Pearce, Steve H NM R $5,000 $5,000 $0 Perlmutter, Edwin G H CO D $5,000 $5,000 $0 Weller, Jerry H IL R $5,000 $0 $5,000 Snowe, Olympia J S ME R $5,000 $4,000 $1,000 Wicker, Roger S MS R $5,000 $5,000 $0 Davis, Danny K H IL D $4,950 $2,000 $2,950 Chabot, Steve H OH R $4,750 $3,000 $1,750 Honda, Mike H CA D $4,750 $4,000 $750 Price, David H NC D $4,550 $2,050 $2,500 Hagel, Chuck S NE R $4,500 $0 $4,500 Lugar, Richard G S IN R $4,500 $1,000 $3,500 Kaptur, Marcy H OH D $4,350 $1,000 $3,350 McCollum, Betty H MN D $4,350 $0 $4,350 Carson, Andre H IN D $4,250 $4,000 $250 Obey, David R H WI D $4,250 $2,000 $2,250 Salazar, John H CO D $4,250 $4,000 $250 Sanchez, Loretta H CA D $4,250 $3,000 $1,250 Tanner, John H TN D $4,250 $3,500 $750 Cardoza, Dennis H CA D $4,000 $4,000 $0 English, Phil H PA R $4,000 $4,000 $0 Green, Al H TX D $4,000 $4,000 $0 Kilpatrick, Carolyn Cheeks H MI D $4,000 $3,250 $750 Murphy, Chris H CT D $4,000 $4,000 $0 Tester, Jon S MT D $4,000 $3,500 $500 Rodriguez, Ciro D H TX D $3,750 $3,000 $750 Donnelly, Joe H IN D $3,500 $3,500 $0 Matsui, Doris O H CA D $3,500 $2,500 $1,000 Paul, Ron H TX R $3,500 $0 $3,500 Price, Tom H GA R $3,500 $3,500 $0 Schmidt, Jean H OH R $3,500 $2,500 $1,000 Wexler, Robert H FL D $3,500 $3,500 $0 Wyden, Ron S OR D $3,500 $0 $3,500 Biden, Joseph R Jr S DE D $3,300 $0 $3,300 Gutierrez, Luis V H IL D $3,250 $2,500 $750 Harman, Jane H CA D $3,250 $0 $3,250 Hensarling, Jeb H TX R $3,250 $1,500 $1,750 Kennedy, Patrick J H RI D $3,250 $0 $3,250 Ryan, Paul H WI R $3,250 $2,500 $750 Myrick, Sue H NC R $3,200 $1,500 $1,700 Schwartz, Allyson H PA D $3,200 $2,000 $1,200 Diaz-Balart, Lincoln H FL R $3,000 $3,000 $0 Lucas, Frank D H OK R $3,000 $1,500 $1,500 McCarthy, Kevin H CA R $3,000 $3,000 $0 Souder, Mark E H IN R $3,000 $3,000 $0 Udall, Mark H CO D $3,000 $2,500 $500 Bingaman, Jeff S NM D $3,000 $3,000 $0 Levin, Carl S MI D $3,000 $3,000 $0 Stevens, Ted S AK R $3,000 $3,000 $0 Hobson, Dave H OH R $2,850 $0 $2,850 Johnson, Eddie Bernice H TX D $2,825 $1,000 $1,825 Berkley, Shelley H NV D $2,750 $2,000 $750 Jones, Walter B Jr H NC R $2,750 $0 $2,750 Ferguson, Mike H NJ R $2,700 $0 $2,700 Cannon, Chris H UT R $2,500 $2,000 $500 Childers, Travis W H MS D $2,500 $2,500 $0 DeGette, Diana H CO D $2,500 $2,000 $500 Ellison, Keith H MN D $2,500 $2,500 $0 Keller, Ric H FL R $2,500 $2,000 $500 Oberstar, James L H MN D $2,500 $0 $2,500 Serrano, Jose E H NY D $2,500 $1,500 $1,000 Shays, Christopher H CT R $2,500 $2,000 $500 McCaskill, Claire S MO D $2,500 $2,500 $0 Cuellar, Henry H TX D $2,450 $2,000 $450 Markey, Edward J H MA D $2,250 $0 $2,250 Smith, Adam H WA D $2,250 $2,000 $250 Butterfield, G K H NC D $2,000 $2,000 $0 Costa, Jim H CA D $2,000 $2,000 $0 Foster, Bill H IL D $2,000 $2,000 $0 Grijalva, Raul M H AZ D $2,000 $2,000 $0 Hastings, Doc H WA R $2,000 $2,000 $0 Moran, Jerry H KS R $2,000 $0 $2,000 Murphy, Patrick J H PA D $2,000 $2,000 $0 Olver, John W H MA D $2,000 $2,000 $0 Porter, Jon H NV R $2,000 $2,000 $0 Regula, Ralph H OH R $2,000 $0 $2,000 Reichert, Dave H WA R $2,000 $2,000 $0 Sanchez, Linda H CA D $2,000 $2,000 $0 Sires, Albio H NJ D $2,000 $2,000 $0 Tauscher, Ellen H CA D $2,000 $2,000 $0 Akaka, Daniel K S HI D $2,000 $2,000 $0 Cochran, Thad S MS R $2,000 $2,000 $0 Whitehouse, Sheldon S RI D $2,000 $1,000 $1,000 Allen, Tom H ME D $1,950 $0 $1,950 Stearns, Cliff H FL R $1,850 $1,850 $0 DeLauro, Rosa L H CT D $1,750 $1,000 $750 Towns, Edolphus H NY D $1,750 $0 $1,750 Hulshof, Kenny H MO R $1,700 $1,250 $450 Fattah, Chaka H PA D $1,500 $1,000 $500 Neal, Richard E H MA D $1,500 $1,500 $0 Diaz-Balart, Mario H FL R $1,450 $1,000 $450 Kucinich, Dennis J H OH D $1,349 $0 $1,349 Alexander, Rodney H LA R $1,250 $1,250 $0 Carnahan, Russ H MO D $1,250 $1,000 $250 Wilson, Heather A H NM R $1,250 $0 $1,250 Coburn, Tom S OK R $1,250 $0 $1,250 Feingold, Russ S WI D $1,250 $0 $1,250 Kyl, Jon S AZ R $1,250 $0 $1,250 Linder, John H GA R $1,150 $500 $650 Sestak, Joe H PA D $1,150 $0 $1,150 Specter, Arlen S PA R $1,100 $350 $750 Berry, Marion H AR D $1,000 $1,000 $0 Blackburn, Marsha H TN R $1,000 $1,000 $0 Boswell, Leonard L H IA D $1,000 $1,000 $0 Boucher, Rick H VA D $1,000 $1,000 $0 Boustany, Charles W Jr H LA R $1,000 $1,000 $0 Calvert, Ken H CA R $1,000 $1,000 $0 Campbell, John H CA R $1,000 $1,000 $0 Cazayoux, Donald J H LA D $1,000 $1,000 $0 Conaway, Mike H TX R $1,000 $1,000 $0 Cooper, Jim H TN D $1,000 $500 $500 Ellsworth, Brad H IN D $1,000 $1,000 $0 Filner, Bob H CA D $1,000 $0 $1,000 Graves, Sam H MO R $1,000 $1,000 $0 Hayes, Robin H NC R $1,000 $0 $1,000 Higgins, Brian M H NY D $1,000 $1,000 $0 Johnson, Hank H GA D $1,000 $0 $1,000 Latham, Tom H IA R $1,000 $1,000 $0 Lofgren, Zoe H CA D $1,000 $0 $1,000 McNerney, Jerry H CA D $1,000 $1,000 $0 Michaud, Mike H ME D $1,000 $1,000 $0 Mitchell, Harry E H AZ D $1,000 $1,000 $0 Musgrave, Marilyn H CO R $1,000 $0 $1,000 Ortiz, Solomon P H TX D $1,000 $1,000 $0 Rush, Bobby L H IL D $1,000 $0 $1,000 Schiff, Adam H CA D $1,000 $1,000 $0 Scott, Robert C H VA D $1,000 $0 $1,000 Smith, Chris H NJ R $1,000 $0 $1,000 Space, Zachary T H OH D $1,000 $1,000 $0 Terry, Lee H NE R $1,000 $0 $1,000 Walberg, Tim H MI R $1,000 $0 $1,000 Welch, Peter H VT D $1,000 $1,000 $0 Wolf, Frank R H VA R $1,000 $1,000 $0 Dole, Elizabeth S NC R $1,000 $0 $1,000 Lautenberg, Frank R S NJ D $1,000 $0 $1,000 Christian-Green, Donna D VI D $750 $0 $750 Inslee, Jay R H WA D $750 $0 $750 Duncan, John J Jr H TN R $600 $600 $0 Bilbray, Brian P H CA R $500 $0 $500 Bishop, Sanford D Jr H GA D $500 $500 $0 Castor, Kathy H FL D $500 $0 $500 Edwards, Donna H MD D $500 $0 $500 Hinchey, Maurice H NY D $500 $0 $500 LaHood, Ray H IL R $500 $0 $500 Mack, Connie H FL R $500 $0 $500 Pascrell, Bill Jr H NJ D $500 $500 $0 Pickering, Charles "Chip" Jr H MS R $500 $500 $0 Rehberg, Denny H MT R $500 $0 $500 Sarbanes, John H MD D $500 $0 $500 Shadegg, John H AZ R $500 $0 $500 Skelton, Ike H MO D $500 $500 $0 Smith, Lamar H TX R $500 $500 $0 Stark, Pete H CA D $500 $500 $0 Weldon, Dave H FL R $500 $0 $500 Wu, David H OR D $500 $0 $500 Graham, Lindsey S SC R $500 $0 $500 Brown, Corrine H FL D $450 $0 $450 Turner, Michael R H OH R $375 $0 $375 Hastings, Alcee L H FL D $300 $0 $300 Warner, John W S VA R $300 $0 $300 Aderholt, Robert B H AL R $250 $0 $250 Arcuri, Michael H NY D $250 $0 $250 Carney, Chris H PA D $250 $0 $250 Dicks, Norm H WA D $250 $0 $250 Lampson, Nick H TX D $250 $0 $250 Manzullo, Don H IL R $250 $0 $250 Platts, Todd H PA R $250 $0 $250 Watson, Diane E H CA D $250 $0 $250 Weiner, Anthony D H NY D $250 $0 $250 DeMint, James W S SC R $250 $0 $250 Sanders, Bernie S VT I $250 $250 $0 Total $4,844,572 $3,017,797 $1,826,775 Sad, they they would sell their souls - and ours - so cheaply ... __________________ Laissez les bon temps rouler! Going to church doesn't make you a Christian any more than standing in a garage makes you a car. a 4 day work week & sex slaves ~ I say Tyt for PRESIDENT!** Not to be taken internally, literally or seriously ....Suki ebaynni IS THAT BETTER ?

09-30-2008, 08:04 AM	#37 (permalink)
tngirl Not The L E A D E R Join Date: May 2004 Location: The Poor House Posts: 5,430 iTrader: (6) Thanks: 333 Thanked 1,096 Times in 527 Posts	http://www.youtube.com/watch?v=_MGT_cSi7Rs __________________

10-08-2008, 05:07 PM	#42 (permalink)
LuvBigRip I loves my puppeh! Join Date: Oct 2003 Location: Purple Mountains Majesty Posts: 4,537 iTrader: (26) Thanks: 409 Thanked 1,572 Times in 532 Posts	In their own words: http://forthardknox.com/2008/09/28/s...onomic-crisis/ __________________ It all goes downhill from here

10-08-2008, 05:14 PM	#43 (permalink)
atprm hoarding glade candles Join Date: Nov 2007 Location: in a pineapple under the sea Posts: 4,498 iTrader: (14) Thanks: 223 Thanked 1,522 Times in 781 Posts	thanks for the link LBG... http://ca.youtube.com/user/TheMouthPeace it's truthful -- for a change. __________________ to my dh: share everything sans your sinus infection, your flu or your cold -- no need to regift.

09-30-2008, 12:37 PM	#38 (permalink)
DrHolliday Registered User Join Date: Sep 2008 Location: Lone Star State Posts: 697 iTrader: (0) Thanks: 326 Thanked 489 Times in 263 Posts	Question: What do Franklin Raines (former CEO of Fannie Mae), Tim Howard (former CEO of Fannie Mae), and Jim Johnson (former CFO of Fannie Mae) all have in common? Answer: All are Economic Advisors to Obama

10-02-2008, 10:46 AM	#41 (permalink)
DrHolliday Registered User Join Date: Sep 2008 Location: Lone Star State Posts: 697 iTrader: (0) Thanks: 326 Thanked 489 Times in 263 Posts	http://mcauleysworld.wordpress.com/2...en-parachutes/ Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae. He served as President Bill Clinton’s Budget Director. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregulaties 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.” http://www.washingtonpost.com/wp-dyn...022301805.html Fannie Mae had to reduce its surplus by $9 billion. http://www.economist.com/finance/dis..._id=E1_PVQGGTT Raines left with a “golden parachute valued at $240 Million in benefits. The Goverment filed suit against Raines when the depth of the acounting scandel became clear. http://housingdoom.com/2006/12/18/fannie-charges/ . 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 mis-stated Fannie Mae profits. WHERE IS RAINES NOW ? Raines works for the Obama Campaign as Chief Economic Advisor. http://en.wikipedia.org/wiki/Franklin_Raines , http://www.youtube.com/watch?v=SYI0mHWQeD8. The wikipedia site has be rewritten - contact wikipedia for an explanation - or search the WEB to for articles on the rewrite. 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. http://www.signonsandiego.com/uniont...d30bottom.html http://www.usatoday.com/money/compan...nnie-cfo_x.htm The Government Investigation determined that, “Chief Financial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie Mae,” http://www.usatoday.com/money/compan...nnie-cfo_x.htm 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. http://www.usatoday.com/money/indust...ie-execs_x.htm 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. http://www.usatoday.com/money/indust...ie-execs_x.htm , http://michellemalkin.com/2004/09/23...acket/?print=1 Howard’s Golden Parachute was estimated at $20,000,000. http://accounting.smartpros.com/x46646.xml Where is Howard now? Howard is a Chief Economic Advisor to Barack Obama. http://online.wsj.com/article/SB109770752803244715.html Jim Johnson: A former aid to Walter Mondale, a former executive at Goldman Sachs and Lehman Brothers and who was later forced from his position as Fannie Mae CEO, was hired as a Senior Obama Finance Advisor. Johnson is so senior that he was selected to run Obama’s Vice Presidential Search Committee, the Committee that selected Joe Biden. http://www.associatedcontent.com/art...annie_mae.html The National Review suggested - “Look at the former Fannie Mae Chief Obama choose for the job (selecting Biden). …. specifically, look at the Office of Federal Housing Enterprise Oversight’s May 2006 report on mismanagement 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.” http://corner.nationalreview.com/pos...IxNDQ4Nzc2NDc= Now, this might seem the sort of inside-Washington dealing that Obama says he wants to change. If so, Obama will have Johnson himself there to help. http://corner.nationalreview.com/pos...IxNDQ4Nzc2NDc= It is ironic that the National Review would have made that comment. Obama gave a speech Monday to Wall Street Bankers addressing the Finacial Crisis where he called for, ”reappraisal of values.” and stated “”The danger with this mentality isn’t just that it offends our morals, it’s that it endangers our markets,”. Obama’s Speech Writer - Jim Johnson. http://forestbrowne.newsvine.com/_ne...street-values- This revelation contradicts earlier reports that Johnson had left the Campaign when he came under investigation for taking illegal loans from Country Wide Financial while serving as CEO at Fannie Mae. http://online.wsj.com/public/article...258665089.html On September 9, 2008, Obama critized “Golden Parachute” payments to Fannie Mae executives. Jim John’s parachute at the time he left Fannie Mae was estimated at $28 Million. http://www.politico.com/news/stories...781_Page2.html

10-08-2008, 06:42 PM	#44 (permalink)
janelle Registered User Join Date: Oct 2000 Posts: 20,403 iTrader: (1) Thanks: 451 Thanked 1,144 Times in 744 Posts