Urbin Report

Thursday, September 18, 2008

Barak Obama's ties to Freddie Mac management

By way of AoSHQ is the story about Barak H. Obama's strong ties to the senior management of the failed Freddy Mac and the large sums of money he has received from them.

As an executive at Fannie Mae, Franklin Raines illegally coerced his employees to falsify accounting facts so he’d get a maximum bonus. The government-backed firm used Enron-like fraud, in part at Raines’s orders, to create the largest bail-out in US history. Raines had the whistleblower fired.
...
Now, this criminal is Barack Obama’s campaign adviser. Only one member of Congress, Chris Dodd, received more kickbacks from Raines’s Fannie Mae cronies than did Barack Obama–over $120,000 in bribes.
...
Fannie Mae and Freddie Mac control almost 50 percent of all mortgages in the United States. They were started by Democrats, protected by Democrat, funded by Democrats, and absorbed into the government proper at the behest of their paid hacks in the Democrat party. Conservatives have advocated the demolition of these twin towers of corruption, fraud, and bribery for decades. But Democrats blocked every attempt to even hold hearings on corruption in Fannie Mae and Freddie Mac.


Don't hold your breath waiting for this one to get reported on MSNBC, CNN or in the NY Times.

Update:
James A. Johnson - former Fannie Mae CEO and Obama Advisor

Just cost you billions in taxes

Franklin Raines – former Fannie Mae CEO and Obama Advisor

Just cost you billions in taxes

Barack Obama – If we can’t afford his advisors, how can we afford him?