OBAMA ADVISOR FRANKLIN RAINES IGNORED FANNIE MAE ACCOUNTING WARNINGS AS EARLY AS 2002
MSNBC.COM ^ | 10/6/2004 | AP



WASHINGTON - The former Fannie Mae accountant who raised questions about the mortgage giant’s bookkeeping said Wednesday that he took his concerns directly to chief executive Franklin Raines in 2002 and asked him to investigate.

The disclosure by Roger Barnes, who left Fannie Mae last November, came as Raines and chief financial officer Timothy Howard defended the company’s accounting and told Congress that regulators’ allegations of earnings manipulation represent an interpretation of complex rules.


http://www.msnbc.msn.com/id/6189481/

Obama is getting advice from the very people who caused this crisis.

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On vacation.....

look at issue number V in this investigation ... which Obama's advisor did not try to thwart and one with which he cooperated ... notice any differences when compared to palin's?

http://download.fanniemae.com/execsum.pdf

Of course. As reported in another thread McCain warned congress about these 2 institutions in the past but the warnings fell on deaf ears. But, of course that ain't pertinent, is it, to this campaign? Yeah....right.

Here's the list of the top three who received the most contributions from Fannie Mae and Freddie Mac from 1989 to 2008. You guessed it...or not... Barack is number two on the list. What a friggin' hypocrite.

Dodd, Christopher J S CT D $165,400 $48,500 $116,900
Obama, Barack S IL D $126,349 $6,000 $120,349
Kerry, John S MA D $111,000 $2,000 $109,000 Bennett, Robert F S UT R $107,999 $71,499 $36,500
Bachus, Spencer H AL R $103,300 $70,500 $32,800
Blunt, Roy H MO R $96,950 $78,500 $18,450
Kanjorski, Paul E H PA D $96,000 $57,500 $38,500
Bond, Christopher S 'Kit' S MO R $95,400 $64,000 $31,400
Shelby, Richard C S AL R $80,000 $23,000 $57,000
Reed, Jack S RI D $78,250 $43,500 $34,750
Reid, Harry S NV D $77,000 $60,500 $16,500
Clinton, Hillary S NY D $76,050 $8,000 $68,050
Davis, Tom H VA R $75,499 $13,999 $61,500
Boehner, John H OH R $67,750 $60,500 $7,250
Conrad, Kent S ND D $64,491 $22,000 $42,491
Reynolds, Tom H NY R $62,200 $53,000 $9,200
Johnson, Tim S SD D $61,000 $20,000 $41,000
Pelosi, Nancy H CA D $56,250

http://www.opensecrets.org/news/2008...d-freddie.html

mKKKain warned of nothing
he rearranged bank chairs
this is john KEATING FIVE mKKKain you are speaking of. he protects moneyed interests!

Justabubba fails to have a firm grasp of something very simple: the truth.”

"Two years ago, before he announced his candidacy for president, Sen. John McCain saw the writing on the wall.

“If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose," McCain warned.

McCain pleaded with Congress to reform the lending giants by cutting off their lobbyists and imposing stiff regulations that would break up the status quo. McCain warned that if the lenders became too big, a bailout would become the government’s only choice. Unfortunately, McCain’s foresight went unheeded and, Saturday, the US Treasury announced that it will essentially “purchase" the two largest after-market home lenders in the world..."

http://usconservatives.about.com/od/...ainLenders.htm

give us the cite from two years ago where he supposedly said it ... that should provide the message that he conveyed to "fix" the problem

you will be able to find neither


more republican propaganda

Great guy for an economics adviser, one of the guys who steered the ship right on to the reef!

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Pushing back the frontiers of ignorance.

McCain? Keating Five? Lincoln Savings and Loan? Cost the taxpayers $3 billion? That who you're talking about?

Uh, you forgot to mention that he co-signed his name to the bill that was written as a warning by someone else. Real champion there.

My favorite part is how some of you are acting like he figured this all out on his own and ran down the hallways of congress, tie flailing and arms waving.

You know what? I hope to GOD McCain tries to claim this in the MSM. As though his coffin requires any additional nails...

Why don't you just cut to the flimsy reason why you think this is important information?

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Viator
Pro Deus Et Patria - For God & Country

It's in the Senate records.

http://www.politicalforum.com/electi...re-needed.html

McCain led the way. Obama picked the guy who helped cause the crisis as his advisor.

Keep the change....

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On vacation.....