Billion secs = 32 yrs, Trillion secs = 32,000 yrs

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Friday, December 16, 2011

Chris Dodd, Barney Frank, Maxine Waters, and yes, yes, where is Franklin Raines in SEC’s Fannie & Freddy suit?

These criminal legislators created and hid the mess while Raines danced away with $86 million on his way out.

Ex-Freddie, Fannie Chiefs Sued by SEC Over Loans

By David Glovin and Joshua Gallu

Daniel Mudd, the former chief executive officer of Fannie Mae, and Richard Syron, ex-CEO of Freddie Mac, were sued by the U.S. Securities and Exchange Commission for understating by hundreds of billions of dollars the subprime loans held by the agencies.

1 comment:

  1. franklin raines allowed the enron-style accounting practices that was used. it's practices was the overstating of it's earnings and under-estimate it's risks. although he settled a suit with the feds , in which he claimed no wrong doing he got away with millions