Friday, September 26, 2008
The Great Bailout Hoax /Stupidity.
It's the typical paranoid style of American politics the Republican Party has used forever. Hurry up and make my rich friends richer. The immigration bullshit, nothing happened, 911 and the patriot act, all bullshit. Cheney was behind 911, hell any reasonable person knows that. Think about it......Halliburton=$$$Billions=Cheney...come on people!!! This bail out is another chapter of the great white hoax (the republican party).... it's like Y2K, nothing happened!!! Remember the Duct Tape Scare, nothing happened...The smoking gun...the mushroom cloud, Colin Powell lying to the United Nations...see a pattern? Anyone who voted for Bush and is thinking about voting for McCain needs to get their head out of their ass and wake up....8 years of domestic terrorism and people who are brain dead still support these crooks, no wonder they are in bed with televangelist, the money is just too goddamn good (pun intended)...DON"T BITCH TO ME ABOUT HEALTH CARE AND GAS PRICES IF YOU ARE A REPUBLICAN, IT"S AN ADMISSION OF STUPIDITY. NO WONDER JESUS WAS POPULAR, THERE ARE SO MANY SHEEP IN THIS WORLD WHO CAN'T WAIT TO BE LED TO THE SLAUGHTER. THE DEVIL IS ALIVE AND WELL AND LIVING IN THE WHITE HOUSE.
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The real reason for the bailout!!
http://www.youtube.com/watch?v=H5tZc8oH--o&feature=email
Here is a quick look into 3 former Fannie Mae executives
> > who have brought down Wall Street.
> >
> > Franklin Raines was a Chairman and Chief Executive Officer
> > at Fannie Mae. Raines was forced to retire from his
> > position with Fannie Mae when auditing discovered severe
> > irregulaties in Fannie Mae's accounting activities. At
> > the time of his departure The Wall Street Journal noted,
> > " Raines, who long defended the company's
> > accounting despite mounting evidence that it wasn't
> > proper, issued a statement late Tuesday conceding that
> > "mistakes were made" and saying he would assume
> > responsibility as he had earlier promised. News reports
> > indicate the company was under growing pressure from
> > regulators to shake up its management in the wake of
> > findings that the company's books ran afoul of generally
> > accepted accounting principles for four years." Fannie
> > Mae had to reduce its surplus by $9 billion.
> >
> > Raines left with a "golden parachute valued at $240
> > Million in benefits. The Government filed suit against
> > Raines when the depth of the accounting scandal became
> > clear. http://housingdoom.com/2006/12/18/fannie-charges/ .
> > The Government noted, "The 101 charges reveal how the
> > individuals improperly manipulated earnings to maximize
> > their bonuses, while knowingly neglecting accounting systems
> > and internal controls, misapplying over twenty accounting
> > principles and misleading the regulator and the public. The
> > Notice explains how they submitted six years of misleading
> > and inaccurate accounting statements and inaccurate capital
> > reports that enabled them to grow Fannie Mae in an unsafe
> > and unsound manner." These charges were made in 2006.
> > The Court ordered Raines to return $50 Million Dollars he
> > received in bonuses based on the miss-stated Fannie Mae
> > profits.
> >
> > Tim Howard - Was the Chief Financial Officer of Fannie
> > Mae. Howard "was a strong internal proponent of using
> > accounting strategies that would ensure a "stable
> > pattern of earnings" at Fannie. In everyday English -
> > he was cooking the books. The Government Investigation
> > determined that, "Chief Financial Officer, Tim Howard,
> > failed to provide adequate oversight to key control and
> > reporting functions within Fannie Mae,"
> >
> > On June 16, 2006, Rep. Richard Baker, R-La., asked the
> > Justice Department to investigate his allegations that two
> > former Fannie Mae executives lied to Congress in October
> > 2004 when they denied manipulating the mortgage-finance
> > giant's income statement to achieve management pay
> > bonuses. Investigations by federal regulators and the
> > company's board of directors since concluded that
> > management did manipulate 1998 earnings to trigger bonuses.
> > Raines and Howard resigned under pressure in late 2004.
> >
> > Howard's Golden Parachute was estimated at $20 Million!
> >
> >
> > Jim Johnson - A former executive at Lehman Brothers and
> > who was later forced from his position as Fannie Mae CEO.
> > A look at the Office of Federal Housing Enterprise
> > Oversight's May 2006 report on mismanagement and
> > corruption inside Fannie Mae, and you'll see some
> > interesting things about Johnson. Investigators found that
> > Fannie Mae had hidden a substantial amount of Johnson's
> > 1998 compensation from the public, reporting that it was
> > between $6 million and $7 million when it fact it was $21
> > million." Johnson is currently under investigation
> > for taking illegal loans from Countrywide while serving as
> > CEO of Fannie Mae.
> >
> > Johnson's Golden Parachute was estimated at $28
> > Million.
> >
> >> >
> > WHERE ARE THEY NOW?
> >
> > FRANKLIN RAINES? Raines works for the Obama Campaign as
> > Chief Economic Advisor
> >
> > TIM HOWARD? Howard is also a Chief Economic Advisor to
> > Obama
> >
> > JIM JOHNSON? Johnson hired as a Senior Obama Finance
> > Advisor and was selected to run Obama's Vice
> > Presidential Search Committee
> >
> >
> >
> > IF OBAMA PLANS ON CLEANING UP THE MESS - HIS ADVISORS HAVE
> > THE EXPERTISE - THEY MADE THE MESS IN THE FIRST PLACE .
> > Would you trust the men who tore Wall Street down to build
> > the New Wall Street?
http://usawakeup.org/USSA.htm
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