Politics and the Fannie Mae Piggy Bank - Truckers' Trucking Forum

tmorr37 · **^ Top** #1 09.09.2008

Politics and the Fannie Mae Piggy Bank
Franklin Raines, Jamie Gorelick, and some very cooked books.

On May 23, 2006, as a jury in Houston deliberated the case against top Enron executives Kenneth Lay and Jeffrey Skilling, a little-known regulatory agency in Washington, the Office of Federal Housing Enterprise Oversight (OFHEO), released a study with the dryly bureaucratic title “Report of the Special Examination of Fannie Mae.” The document received far less attention than the news from Enron, but its conclusions were stunning. In meticulous detail, it outlined a culture of corruption at the Federal National Mortgage Association — better known as Fannie Mae — that rivals the most serious corporate scandals in recent years. In this case, however, the main players are Washington insiders — some of them prominent veterans of the Clinton administration — and the scandal’s effects could ripple through Congress for years.

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dangerous dave · **^ Top** #2 09.09.2008

Quote:

Originally Posted by tmorr37

Politics and the Fannie Mae Piggy Bank

Franklin Raines, Jamie Gorelick, and some very cooked books.

On May 23, 2006, as a jury in Houston deliberated the case against top Enron executives Kenneth Lay and Jeffrey Skilling, a little-known regulatory agency in Washington, the Office of Federal Housing Enterprise Oversight (OFHEO), released a study with the dryly bureaucratic title “Report of the Special Examination of Fannie Mae.” The document received far less attention than the news from Enron, but its conclusions were stunning. In meticulous detail, it outlined a culture of corruption at the Federal National Mortgage Association — better known as Fannie Mae — that rivals the most serious corporate scandals in recent years. In this case, however, the main players are Washington insiders — some of them prominent veterans of the Clinton administration — and the scandal’s effects could ripple through Congress for years.

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No kiddin, I went to google finance and host of other spots today following this rat-trail. Clear down to society pages of news papers where these "poeple" are on charity boards with each other besides the interlocking corp boards. Its a gag fest.

DDave

Roadmedic · **^ Top** #3 09.09.2008

If you read and search further, you will find closer ties to the Bush administration.

dangerous dave · **^ Top** #4 09.09.2008

Quote:

Originally Posted by Roadmedic

If you read and search further, you will find closer ties to the Bush administration.

No,,,spit, and every other prez since Carter. The interlocks on these and other corp. boards is astounding. Follow the finance news story trails. Name to name and company to company. Shrub, errr Bush is just the present duck in the puddle. Why is he not screaming? Why are the look-outs for us little poeple, the Democrats, not having a running S-fit. They are both in the cookie jar to the armpit and we get to pay the bill. See above, follow the trail. It was easy.

DDave

Roadmedic · **^ Top** #5 09.09.2008

Quote:

Originally Posted by dangerous dave

No,,,spit, and every other prez since Carter. The interlocks on these and other corp. boards is astounding. Follow the finance news story trails. Name to name and company to company. Shrub, errr Bush is just the present duck in the puddle. Why is he not screaming? Why are the look-outs for us little poeple, the Democrats, not having a running S-fit. They are both in the cookie jar to the armpit and we get to pay the bill. See above, follow the trail. It was easy.

DDave

I really have no clue what you are even saying here.

dangerous dave · **^ Top** #6 09.09.2008

Quote:

Originally Posted by Roadmedic

I really have no clue what you are even saying here.

Intentionally obtuse? Go to google finance look at stories on this and take names. Then search in finance news stories for name/company stories. Read em. Take names. Search for stories on those names. You will find interlocking company board directorships abounding in this as well as many other businesses. Defense contractors to home builders to you name it. very cosey. The SEC, in case you didn't know it was originally intended to protect us from these kinds of corporate abuses. A very shallow look will show both sides have a dog in this hunt.

Dave

Roadmedic · **^ Top** #7 09.09.2008

Quote:

Originally Posted by dangerous dave

Intentionally obtuse? Go to google finance look at stories on this and take names. Then search in finance news stories for name/company stories. Read em. Take names. Search for stories on those names. You will find interlocking company board directorships abounding in this as well as many other businesses. Defense contractors to home builders to you name it. very cosey. The SEC, in case you didn't know it was originally intended to protect us from these kinds of corporate abuses. A very shallow look will show both sides have a dog in this hunt.

Dave

You have some definate points here. There have been trails that just keep growing.

dangerous dave · **^ Top** #8 09.09.2008

Quote:

Originally Posted by Roadmedic

You have some definate points here. There have been trails that just keep growing.

Went back, I get to sputtering and not speaking clearly when I'm P.O.ed. Sorry. The links go on and on it is sickening. God save us. Our mis-leaders won't.

DDave

Lilbit · **^ Top** #9 09.09.2008

Let's just take them all out and shoot them, and then we can run things the way they should be run!

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