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Bush Tried to Do Something in 2003 about Fannie Mae

Posted by rightwinger on September 17, 2008

The Bush administration tried to sound the alarm and pass an oversite of Fannie Mae because of an investigation that showed they were cooking the books.

Read the full article for yourself.

Two ex-Clinton administration people got rich off Fannie Mae: Jamie Gorelick and Franklin Raines.

“Investigators found that of the $90.12 million Raines was paid in that six-year period, more than $52 million came from EPS bonuses. ” Director Franklin Raines made $90 million in bonuses. Expose these guy Bill, don’t just dump on Bush.

“Gorelick’s situation was similar. OFHEO found that she took home $26.46 million in the period from 1998 to 2002 (she left in that year, so she wasn’t there for the entire period under investigation). Of that figure, nearly $15 million came from EPS bonuses.”

Read the full article for yourself.


16 Responses to “Bush Tried to Do Something in 2003 about Fannie Mae”

  1. […] for an investigation and hearing on Franklin Raines and his mismanagement of Fannie Mae.   When Bush tried to sound the alarm in 2003 after accounting irregularities were discovered, the Dems did everything to cover for this […]

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