Franklin Raines, with two other defendants, settled with the Justice Department on April 18, 2008, agreeing to pay fines of million.
In addition, Raines agreed to pay back an additional .8 million he received from a recent stock sale. Did he see the crisis coming and sell out his shares early?
Fannie Mae’s former CEO and now Obama adviser, Franklin Raines made over 0 Million cooking the books of this Government oversight corporation while spending lavishly on democrat politicians as a lobbyist to get the democrat congress to change the rules that helped him make exorbitant wind-fall profits for himself.
It’s well known that the fall of Freddie and Fannie were the start of Wall Streets collapse.
How responsible was Obama’s adviser Franklin Raines, and should Obama fire him, or wait until he’s arrested?
Is it because Countrywide’s CEO Angelo R. Mozilo and Fannie Mae’s CEO Franklin Raines are BIG TIME LIBERALS?
Even though those two men have single handedly brought the US Economy to its knees…
What, liberals can do no wrong?
Obama puts Raines on his payroll and accepts a 0% mortgage from Mozilo?
What is the definition of a BRIBE anyway?
Does anyone care?
Jeffrey Skilling and Bernard Ebbers both did jail time. Where are the investigations of Franklin Raines, Jim Johnston and the root causes of the collapse?