seconds: Million 0.0328 years; Billion 31.7 years; Trillion 31,710 years


Visit USADebtClock.com to learn more!

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.

Posted by at

1 comment:

  1. latitude38December 16, 2011 at 2:16:00 PM EST

    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

    ReplyDelete

Subscribe to: Post Comments (Atom)