OFHEO Wants Fannie Mae Bonus Money Returned

RE:OFHEO Wants Fannie Mae Bonus Money Returned

Chance2nd — Tue, 20 Jun 2006 11:00:00 GMT

I have more than 500 words for an act such as this, Franklin Raines an African American that many young African Americans could and did look up to, in a position to make change in an agency that was designed for the poverty stricken and those with not so good finances to get into homes as owners, not as tenants. This agency represented freedom for a number of American Families of all Creeds. There are people that can't get back into the mainstream even after paying the price of prison and humiliation.

RE:OFHEO Wants Fannie Mae Bonus Money Returned

Chance2nd — Tue, 20 Jun 2006 11:00:00 GMT

There was always those that ruin a good thing. Now these guys walk away with other peoples money, the institutions they represented and the Goverment, and it's supposed to be okay. That is the very reason the Government can't enact programs because the money never gets to the needed source. I always thought should I ever go into business that I would have a lawyer to watch the lawyer and an accountant to watch the accountant and so on. Ideal but not practical I guess.

RE:OFHEO Wants Fannie Mae Bonus Money Returned

Pat — Mon, 19 Jun 2006 11:00:00 GMT

The appropriate outcome would be for all the Fannie Mae managers and employees who participated in or enabled this bonus scheme be prosecuted. In addition, they should be forced to repay the bonuses based on the false accounting. The retirement agreements approved for Raines and Howard should be made null and void since they engaged in fraud. I can imagine what the families of the crooks are going through, and I would guess that some of those marriages will not last much longer.

RE:OFHEO Wants Fannie Mae Bonus Money Returned

Austrian School — Fri, 16 Jun 2006 11:00:00 GMT

Jail time is probably the most appropriate punishment because of money these guys have. They've been stealing it for so long. We also need to learn that when the goverment creates an agency that is so rich, it will eventually take on a life of its own and come back and control its creators. The answer isn't more regulation, the answer is abolishment of these un-natural public/private monsters.

RE:OFHEO Wants Fannie Mae Bonus Money Returned

Johan — Fri, 16 Jun 2006 11:00:00 GMT

Why does the most "FREE" country in the world allow their citizens to be ripped off like these guys do!!! Leadership of corporate America is no different to those THUGS running corrupt African & under developed countries!

RE:OFHEO Wants Fannie Mae Bonus Money Returned

ANONYMOUS — Thu, 15 Jun 2006 11:00:00 GMT

The entire board of directors should be put in jail for approving this not the recipient. He just has to live with himself. Due to FNMA's affiliation with our government this is a bigger tragedy than Enron.