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Author Topic: Justice Department not charging Fannie Mae  (Read 2982 times)

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Offline jack

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  • fomerly the loser known as Jake
Justice Department not charging Fannie Mae
« on: August 24, 2006, 02:13:19 pm »
Why should they. They only cooked the books to the tune of 10 billion. They hid bad trades for 5 years. They stonewalled investigators for three year causing enormous expense and costing the investor billions. Much of the book cooking occurred just before execs collected enormous bonuses.
CEO was Franklin  Raines and Ass. CEO was Jamie Gorelicked. How can the government prosecute itself,especially when you donate huge sums to the campaigns of members of  both parties? Members of both parties use this government backed institution as their piggy bank and any prosecution would have made these type of immoral if not illegal actions public and put many congressmen out of office and probably in jail
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Offline ACinKC

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Re: Justice Department not charging Fannie Mae
« Reply #1 on: August 24, 2006, 02:18:51 pm »
I blame Bush and the republicans.

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LIFE is not a race to the grave with the intention of arriving safely
in a pretty and well-preserved body, but, rather to skid in broadside,
thoroughly used up, totally worn out, and loudly proclaiming--WOW! WHAT A
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Offline jack

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  • fomerly the loser known as Jake
Re: Justice Department not charging Fannie Mae
« Reply #2 on: August 24, 2006, 03:18:37 pm »
You would. But most of the dough went to dems and the main two crooks both worked for Clinton when he was president. There must be some very important Reps involved also or the republican bill to put more stringent oversight on this mess would have passed. Hopefully both Raines and Gorelick will go to the slammer but I doubt it.
This will happen again. If people are not punished for their crimes,the next people will think they have nothing to lose and it appears they don't. Too bad the justice dept didn't use the same vigor on FNM as they did on ENE,arthur andersen, and others.
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Offline Ann

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Re: Justice Department not charging Fannie Mae
« Reply #3 on: August 24, 2006, 04:05:51 pm »
Damn, wish someone would throw some of that evil money MY way!
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Offline ACinKC

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Re: Justice Department not charging Fannie Mae
« Reply #4 on: August 24, 2006, 04:15:15 pm »
Quote from: jack on August 24, 2006, 03:18:37 pm

This will happen again. If people are not punished for their crimes,the next people will think they have nothing to lose and it appears they don't. Too bad the justice dept didn't use the same vigor on FNM as they did on ENE,arthur andersen, and others.

Like Haliburton, Exxon, Enron... Those kinds of companies?
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LIFE is not a race to the grave with the intention of arriving safely
in a pretty and well-preserved body, but, rather to skid in broadside,
thoroughly used up, totally worn out, and loudly proclaiming--WOW! WHAT A
RIDE!!!
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