Subject: Give 'em hell Harry How true!
Date: Wed, 24 Sep 2008 18:02:03 +0000
> > 'It doesn't matter how big a ranch you own or
> how many cows you brand, the size of your funeral is still
> gonna depend on the weather.'
> > Harry Truman.
> >
> > When President Truman retired from office in 1952, his
> income was substantially a U.S. Army pension reported to
> have been $13,507.72 a year. Congress, noting that he was
> paying for his stamps and personally licking them, granted
> him an 'allowance' and later, a retroactive pension
> of $25,000 per year.
> >
> > When offered corporate positions at large salaries, he
> declined, stating, 'You don't want me. You want the
> office of the president, and that doesn't belong to me.
> It belongs to the American people and it's not for sale.'
> >
> > Even later, on May 6, 1971, when Congress was
> preparing to award him the Medal of Honor on his 87th
> birthday, he refused to accept it, writing, 'I don't
> consider that I have done anything which should be the
> reason for any award, Congressional or otherwise.'
> >
> > We now see that other past presidents have found a new
> level of success in cashing in on the presidency, resulting
> in untold wealth. Today, many in Congress also have found a
> way to become quite wealthy while enjoying the fruits of
> their offices. Political offices are now for sale.
> >
> > I think good old Harry Truman was correct when he
> observed, 'My choice early in life was either to be a
> piano player in a whorehouse or a politician. And to tell
> you the truth, there's hardly any difference. I, for
> one, believe the piano player job to be much more honorable
> than current politicians.'
> >
> > Where do we find another Harry? We sure could use one
> - NOW!
Saturday, October 11, 2008
Friday, October 10, 2008
CAN MUSLIMS BE GOOD AMERICANS?
CAN MUSLIMS BE GOOD AMERICANS?
This is very interesting and we all need to read it
from start to Finish and send it on to anyone who will read
it. Maybe this is why our American Muslims are so quiet and
not speaking out about any atrocities. Can a good Muslim be
a good American? This question was forwarded to a friend
who worked in Saudi Arabia for 20 years. The following is
his reply:
Theologically - no . . . Because his allegiance is
to Allah, The moon God of Arabia
Religiously - no. . . Because no other religion is
accepted by His Allah except Islam (Quran, 2:256)(Koran)
Scripturally - no. . . Because his allegiance is to
the five Pillars of Islam and the Quoran.
Geographically - no . Because his allegiance is to
Mecca , to which he turns in prayer five times a day.
Socially - no. . . Because his allegiance to Islam
forbids him to make friends with Christians or Jews
Politically - no. . Because he must submit to the
mullahs (spiritual leaders), who teach annihilation of
Israel and destruction of America , the great Satan.
Domestically - no. . Because he is instructed to
marry four Women and beat and scourge his wife when she
disobeys him (Quran 4:34)
Intellectually - no. . Because he cannot accept the
American Constitution since it is based on Biblical
principles and he believes the Bible to be corrupt.
Philosophically - no. . . Because Islam, Muhammad,
and the Quran does not allow freedom of religion and
expression. Democracy and Islam cannot co-exist. Every
Muslim government is either dictatorial or autocratic.
Spiritually - no. . . Because when we declare
'one nation under God,' the Christian's God is
loving and kind, while Allah is NEVER referred to as
Heavenly father, nor is he ever called love in The
Quran's 99 excellent names.
Therefore, after much study and deliberation....
Perhaps we should be very suspicious of ALL MUSLIMS
in this country. - - - They obviously cannot be both
'good' Muslims and good Americans.
Call it what you wish it's still the truth. You
had better believe it. The more who understand this, the
better it will be for our country and our future. The
religious war is bigger than we know or understand . .
And Barack Hussein Obama, a Muslim, wants to be our
President? You have GOT to be kidding! Wake up America !
Obama even says if he wins the election, he will be
sworn in on the Quran---not a Bible!
Footnote: He was sworn in on the Quran for his
current office and he refuses to pledge allegiance to the
United States or put his hand over his heart when the National Anthem is played! The Muslims have said they will destroy us from within. Hello! Having a Muslim president would seem to fit the bill! Will you trust this man with
our national secrets?
SO FREEDOM IS NOT FREE.
THE MARINES WANT THIS TO ROLL ALL OVER THE U.S.
This is very interesting and we all need to read it
from start to Finish and send it on to anyone who will read
it. Maybe this is why our American Muslims are so quiet and
not speaking out about any atrocities. Can a good Muslim be
a good American? This question was forwarded to a friend
who worked in Saudi Arabia for 20 years. The following is
his reply:
Theologically - no . . . Because his allegiance is
to Allah, The moon God of Arabia
Religiously - no. . . Because no other religion is
accepted by His Allah except Islam (Quran, 2:256)(Koran)
Scripturally - no. . . Because his allegiance is to
the five Pillars of Islam and the Quoran.
Geographically - no . Because his allegiance is to
Mecca , to which he turns in prayer five times a day.
Socially - no. . . Because his allegiance to Islam
forbids him to make friends with Christians or Jews
Politically - no. . Because he must submit to the
mullahs (spiritual leaders), who teach annihilation of
Israel and destruction of America , the great Satan.
Domestically - no. . Because he is instructed to
marry four Women and beat and scourge his wife when she
disobeys him (Quran 4:34)
Intellectually - no. . Because he cannot accept the
American Constitution since it is based on Biblical
principles and he believes the Bible to be corrupt.
Philosophically - no. . . Because Islam, Muhammad,
and the Quran does not allow freedom of religion and
expression. Democracy and Islam cannot co-exist. Every
Muslim government is either dictatorial or autocratic.
Spiritually - no. . . Because when we declare
'one nation under God,' the Christian's God is
loving and kind, while Allah is NEVER referred to as
Heavenly father, nor is he ever called love in The
Quran's 99 excellent names.
Therefore, after much study and deliberation....
Perhaps we should be very suspicious of ALL MUSLIMS
in this country. - - - They obviously cannot be both
'good' Muslims and good Americans.
Call it what you wish it's still the truth. You
had better believe it. The more who understand this, the
better it will be for our country and our future. The
religious war is bigger than we know or understand . .
And Barack Hussein Obama, a Muslim, wants to be our
President? You have GOT to be kidding! Wake up America !
Obama even says if he wins the election, he will be
sworn in on the Quran---not a Bible!
Footnote: He was sworn in on the Quran for his
current office and he refuses to pledge allegiance to the
United States or put his hand over his heart when the National Anthem is played! The Muslims have said they will destroy us from within. Hello! Having a Muslim president would seem to fit the bill! Will you trust this man with
our national secrets?
SO FREEDOM IS NOT FREE.
THE MARINES WANT THIS TO ROLL ALL OVER THE U.S.
Tuesday, October 7, 2008
Berg is “Outraged” that Obama & DNC Hide Again Behind Legal Issues as their attorney files a Motion for Protective Order to “not” Answer Admissions & Production of Documents while Betraying Public in not Producing Documents proving Obama is “qualified” to be a candidate for President.
It is believed Obama is an “illegal alien”
For Immediate Release: - 10/06/08
Country is Headed to a Constitutional Crisis
(Lafayette Hill, Pennsylvania – 10/06/08) - Philip J. Berg, Esquire, the Attorney who filed suit against Barack H. Obama challenging Senator Obama’s lack of “qualifications” to serve as President of the United States, announced today that Obama and Democratic National Committee [DNC] filed a Joint Motion for Protective Order to Stay Discovery Pending a Decision on the Motion to Dismiss (which was) filed on 09/24/08.
While legal, Berg stated he is “outraged as this is another attempt to hide the truth from the public; it is obvious that documents do not exist to prove that Obama is qualified to be President.” The case is Berg v. Obama, No. 08-cv-04083.
Their joint motion indicates a concerted effort to avoid the truth by attempting to delay the judicial process, although legal, by not resolving the issue presented: that is, whether Barack Obama meets the qualifications to be President.
It is obvious that Obama was born in Kenya and does not meet the “qualifications” to be President of the United States pursuant to our United States Constitution. Obama cannot produce a certified copy of his “Vault” [original long version] Birth Certificate from Hawaii because it does not exist.
It is believed Obama is an “illegal alien”
For Immediate Release: - 10/06/08
Country is Headed to a Constitutional Crisis
(Lafayette Hill, Pennsylvania – 10/06/08) - Philip J. Berg, Esquire, the Attorney who filed suit against Barack H. Obama challenging Senator Obama’s lack of “qualifications” to serve as President of the United States, announced today that Obama and Democratic National Committee [DNC] filed a Joint Motion for Protective Order to Stay Discovery Pending a Decision on the Motion to Dismiss (which was) filed on 09/24/08.
While legal, Berg stated he is “outraged as this is another attempt to hide the truth from the public; it is obvious that documents do not exist to prove that Obama is qualified to be President.” The case is Berg v. Obama, No. 08-cv-04083.
Their joint motion indicates a concerted effort to avoid the truth by attempting to delay the judicial process, although legal, by not resolving the issue presented: that is, whether Barack Obama meets the qualifications to be President.
It is obvious that Obama was born in Kenya and does not meet the “qualifications” to be President of the United States pursuant to our United States Constitution. Obama cannot produce a certified copy of his “Vault” [original long version] Birth Certificate from Hawaii because it does not exist.
Characters do Count by Frank Gaffney
Suddenly, the presidential campaigns are addressing an issue that should have been at the forefront of this year’s election long ago. Call it “characters count.” We know people – especially public figures – by the company they keep. And we need to know much more about, to put it charitably, the characters that have figured prominently for years in Barack Obama’s life.
Over the weekend, Republican vice presidential candidate Sarah Palin brought the issue to the fore by observing caustically that the Democrats’ would-be commander-in-chief has “palled around with terrorists.” The Obama campaign immediately deployed talking points and a television ad conjuring up Charles Keating, a one-time friend and supporter of John McCain who was a driving force behind the 1980s-era savings and loan debacle.
The problem for Barack Obama is that convicted – and unrepentant – terrorist William Ayers is not the only person with a profound animosity towards this country with whom he has “palled around” since his youth. It is not, as the Democratic candidate maintains, a distraction or a sign of desperation on the part of his opponents that serious questions are finally being asked about the nature and the implications of the judgment he has exhibited in the past – and may exhibit in the future – as evidenced by his myriad and profoundly troubling personal ties. That is especially the case since so little is known about the junior Senator from Illinois and what he really means by “change.”
Take for example, the formative influence in Barack Obama’s youth that he calls in his memoirs simply “Frank.” As it happens, the Frank in question was Frank Marshall Davis, a well-known Stalinist Communist in Hawaii whose attachment to the Soviet Union and hatred for an America he loathed as racist and imperialistic caused the FBI to keep him under surveillance for at least 19 years. Evidently, young Obama and his father spent hours in the company of this mentor, presumably soaking in not only his alcohol but his virulent hostility towards America.
We now know that a similar view was espoused routinely from the pulpit of the Rev. Jeremiah Wright’s Trinity United Church of Christ. Sen. Obama maintains that somehow he had not heard any of Wright’s loathing of this country – epitomized by the latter’s notorious plea, “God damn America.” When confronted with evidence of it, he could not bring himself to disassociate from his pastor of twenty years until that tie properly threatened to scupper his candidacy during the Democratic primaries.
Thanks to the intrepid Stanley Kurtz, we also have learned of Sen. Obama’s longstanding ties to another fixture of the radical left, one emblematic of its enmity towards an America seen as oppressive and racist: the Association of Community Organizations for Reform Now (better known as ACORN). Obama trained ACORN personnel, worked with its activists on the group’s (often problematic) voter-registration efforts and consulted with its most aggressive operatives. Preeminent among the latter has been one Madeline Talbott.
Obama also secured, through his position on the Woods Fund and Chicago Annenberg Challenge boards (he served on the former with Bill Ayers), funding for ACORN’s intimidation campaigns against banks that failed to make sub-prime style loans to otherwise ineligible would-be homeowners. As Kurtz put it in the New York Post, “It would be tough to find an ‘on the ground’ community organizer more closely tied to the subprime-mortgage fiasco than Madeline Talbott. And no one has been more supportive of Madeline Talbott than Barack Obama.” Continued...
About The Author
--------------------------------------------------------------------------------
Frank Gaffney Jr. is the founder and president of the Center for Security Policy and author of War Footing: 10 Steps America Must Take to Prevail in the War for the Free World .
TOWNHALL DAILY: Be the first to read Frank Gaffney's column. Sign up today and receive Townhall.com daily lineup delivered each morning to your inbox.
--------------------------------------------------------------------------------
News Articles On This Topic
Trailing Obama, McCain hopes to gain in debate McCain linked to group in Iran-Contra affair Gay candidates anticipate breakthroughs on Nov. 4 Popular Articles By Gaffney, Jr.
A World Without America Obama's Islamist Problem Palin's Experience
--------------------------------------------------------------------------------
Date: Oct 7, 2008 - 4:23 PM EST Subject: Death of Indignation
I think that the average American no longer has the capacity or desire to be outraged by the outrageous. I honestly don't think that any of these associations are going to bother anyone on the left. It's a pity.
date: Oct 7, 2008 - 2:42 PM EST Character Counts
The only way to gauge character in someone you don't know and one who just delivers platitudes like B.O. is to look at his record, such as it is. This article does a credible job in describing very questionable associations and "accomplishments" by this pretender.
Why is it that people seemingly discount character, substance, and a record of getting things done by McCain/Palin while giving incredible credence to B.O.'s empty palaver backed with practically no deeds worth discussing? Delivery and style of utter baloney seems to click with the majority while the much less stellar but substantive deliveries by MCain are disregarded. My view: The pathetic deficiency of the positive attributes mentioned in the general population and the desire of the masses to be entertained by a smooth-talking (when he has a teleprompter) but pathetically unqualified clown. We deserve the results we get!
Over the weekend, Republican vice presidential candidate Sarah Palin brought the issue to the fore by observing caustically that the Democrats’ would-be commander-in-chief has “palled around with terrorists.” The Obama campaign immediately deployed talking points and a television ad conjuring up Charles Keating, a one-time friend and supporter of John McCain who was a driving force behind the 1980s-era savings and loan debacle.
The problem for Barack Obama is that convicted – and unrepentant – terrorist William Ayers is not the only person with a profound animosity towards this country with whom he has “palled around” since his youth. It is not, as the Democratic candidate maintains, a distraction or a sign of desperation on the part of his opponents that serious questions are finally being asked about the nature and the implications of the judgment he has exhibited in the past – and may exhibit in the future – as evidenced by his myriad and profoundly troubling personal ties. That is especially the case since so little is known about the junior Senator from Illinois and what he really means by “change.”
Take for example, the formative influence in Barack Obama’s youth that he calls in his memoirs simply “Frank.” As it happens, the Frank in question was Frank Marshall Davis, a well-known Stalinist Communist in Hawaii whose attachment to the Soviet Union and hatred for an America he loathed as racist and imperialistic caused the FBI to keep him under surveillance for at least 19 years. Evidently, young Obama and his father spent hours in the company of this mentor, presumably soaking in not only his alcohol but his virulent hostility towards America.
We now know that a similar view was espoused routinely from the pulpit of the Rev. Jeremiah Wright’s Trinity United Church of Christ. Sen. Obama maintains that somehow he had not heard any of Wright’s loathing of this country – epitomized by the latter’s notorious plea, “God damn America.” When confronted with evidence of it, he could not bring himself to disassociate from his pastor of twenty years until that tie properly threatened to scupper his candidacy during the Democratic primaries.
Thanks to the intrepid Stanley Kurtz, we also have learned of Sen. Obama’s longstanding ties to another fixture of the radical left, one emblematic of its enmity towards an America seen as oppressive and racist: the Association of Community Organizations for Reform Now (better known as ACORN). Obama trained ACORN personnel, worked with its activists on the group’s (often problematic) voter-registration efforts and consulted with its most aggressive operatives. Preeminent among the latter has been one Madeline Talbott.
Obama also secured, through his position on the Woods Fund and Chicago Annenberg Challenge boards (he served on the former with Bill Ayers), funding for ACORN’s intimidation campaigns against banks that failed to make sub-prime style loans to otherwise ineligible would-be homeowners. As Kurtz put it in the New York Post, “It would be tough to find an ‘on the ground’ community organizer more closely tied to the subprime-mortgage fiasco than Madeline Talbott. And no one has been more supportive of Madeline Talbott than Barack Obama.” Continued...
About The Author
--------------------------------------------------------------------------------
Frank Gaffney Jr. is the founder and president of the Center for Security Policy and author of War Footing: 10 Steps America Must Take to Prevail in the War for the Free World .
TOWNHALL DAILY: Be the first to read Frank Gaffney's column. Sign up today and receive Townhall.com daily lineup delivered each morning to your inbox.
--------------------------------------------------------------------------------
News Articles On This Topic
Trailing Obama, McCain hopes to gain in debate McCain linked to group in Iran-Contra affair Gay candidates anticipate breakthroughs on Nov. 4 Popular Articles By Gaffney, Jr.
A World Without America Obama's Islamist Problem Palin's Experience
--------------------------------------------------------------------------------
Date: Oct 7, 2008 - 4:23 PM EST Subject: Death of Indignation
I think that the average American no longer has the capacity or desire to be outraged by the outrageous. I honestly don't think that any of these associations are going to bother anyone on the left. It's a pity.
date: Oct 7, 2008 - 2:42 PM EST Character Counts
The only way to gauge character in someone you don't know and one who just delivers platitudes like B.O. is to look at his record, such as it is. This article does a credible job in describing very questionable associations and "accomplishments" by this pretender.
Why is it that people seemingly discount character, substance, and a record of getting things done by McCain/Palin while giving incredible credence to B.O.'s empty palaver backed with practically no deeds worth discussing? Delivery and style of utter baloney seems to click with the majority while the much less stellar but substantive deliveries by MCain are disregarded. My view: The pathetic deficiency of the positive attributes mentioned in the general population and the desire of the masses to be entertained by a smooth-talking (when he has a teleprompter) but pathetically unqualified clown. We deserve the results we get!
Sunday, October 5, 2008
I watched the Palin/Biden Debates
I watched the debates. I thought Biden did very well. However, Governor Palin shined. She was fantastic. She came across with enthusiasm, brilliance, and passion.
There is still a hard struggle ahead between McCain and Obama to determine who will win the election. I believe that ultimately McCain will legally win this election. However, given Obama's track record with Acorn and Chicago type politics I truly believe his camp is right now setting up the election to steal the vote from McCain. I truly believe with all the fraudulent voter registration Acorn is participating in by the bus loads from state to state, Obama will steal the election. For God's sake, they a registering homeless people and having them vote the same day.
The worst part of it all is there isn't a government protection agency that gives a rat's tail about it. We are now a country of lawlessness ruled by thugs. The winning of the most important historical election of the 21 century will be determined not by the people but amount of money spent by gangsters and terrorist buying whatever it takes to steal the position of the United States President.
While our troops are on foreign soil imagining they are fighting for freedom and democracy, America is experiencing one of the most violent bloody battles upon its own soil pitifully trying hold on to the last threads of freedom and democracy. Our troops will be returning home to an America that no longer exists if Obama gets to steal this election. By the looks of this corrupt judicial system, it looks like he will.
There is still a hard struggle ahead between McCain and Obama to determine who will win the election. I believe that ultimately McCain will legally win this election. However, given Obama's track record with Acorn and Chicago type politics I truly believe his camp is right now setting up the election to steal the vote from McCain. I truly believe with all the fraudulent voter registration Acorn is participating in by the bus loads from state to state, Obama will steal the election. For God's sake, they a registering homeless people and having them vote the same day.
The worst part of it all is there isn't a government protection agency that gives a rat's tail about it. We are now a country of lawlessness ruled by thugs. The winning of the most important historical election of the 21 century will be determined not by the people but amount of money spent by gangsters and terrorist buying whatever it takes to steal the position of the United States President.
While our troops are on foreign soil imagining they are fighting for freedom and democracy, America is experiencing one of the most violent bloody battles upon its own soil pitifully trying hold on to the last threads of freedom and democracy. Our troops will be returning home to an America that no longer exists if Obama gets to steal this election. By the looks of this corrupt judicial system, it looks like he will.
Thursday, October 2, 2008
Palin & Biden Debates
We should all encourage people to go from our blogs (e.g., one of mine is htt//camp2008victorya.blogspot.com and another is: http://stevemaloneygop.blogspot.com) to go to the debate hub, watch the debate, and participate in an online discussion.
We hope a lot of people will sign up to "wear Sarah's colors," the "God and Guns" shirts that are now on sale. It's all part of the Vote Bitter Project, designed to enhance John's and Sarah's chances of winning on Nov. 4. The situation with voters is very fluid right now, and your support is critical.
If you want to get and wear the Sarah colors, you can do so at my web sites mentioned above, such as: http://camp2008victorya.blogspot.com. In my case, every nickel I generate will go into the campaign.
Also please note: we'll have a new payment option up soon where we can process the purchases without Google. Many have reported problems with Google's system, however I have two gentlemen personally contacting each and everyone who starts an order.
Let's get pumped!
steve maloney
ambridge, pa
Campaign Victory
Hillary Supporters 4 McCain
We hope a lot of people will sign up to "wear Sarah's colors," the "God and Guns" shirts that are now on sale. It's all part of the Vote Bitter Project, designed to enhance John's and Sarah's chances of winning on Nov. 4. The situation with voters is very fluid right now, and your support is critical.
If you want to get and wear the Sarah colors, you can do so at my web sites mentioned above, such as: http://camp2008victorya.blogspot.com. In my case, every nickel I generate will go into the campaign.
Also please note: we'll have a new payment option up soon where we can process the purchases without Google. Many have reported problems with Google's system, however I have two gentlemen personally contacting each and everyone who starts an order.
Let's get pumped!
steve maloney
ambridge, pa
Campaign Victory
Hillary Supporters 4 McCain
Wednesday, October 1, 2008
The 3 men who brought Wall st. Down
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 la te 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 manag ement 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 ?
Steve Maloney
PA
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 la te 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 manag ement 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 ?
Steve Maloney
PA
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