TOTAL LACK OF CLASS, INDEED........ (433)
cherokeemoon2: Right,but I thought we were on the middleeast and 9-11 and what we r still fighting.
My point is, you asked were there any acts of terror by anyone other than "Muslims". Yes, there were. If we are fighting a world wide fight against terrorism, we can't just go after Muslims. I believe Terry Nichols described himself as a Christian!!
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Barack Obama
RNC to File FEC Complaint on Obama Fundraising Practices
By Matthew Mosk
A lawyer for the Republican National Committee today said the party will ask the Federal Election Commission to look into the source of thousands of small-dollar contributions to the presidential campaign of Sen. Barack Obama.
The RNC is alleging that the Obama campaign was so hungry for donations it "looked the other way" as contributions piled up from suspicious, and possibly even illegal foreign donors.
"We believe that the American people should know first and foremost if foreign money is pouring into a presidential election," said RNC Chief Counsel Sean Cairncross.
Cairncross alleged there was mounting evidence of this, and cited a report in the current issue of Newsweek magazine that documents a handful of instances where donors made repeated small donations using fake names, such as "Good Will" and "Doodad Pro."
The Newsweek report says that earlier this year the Obama campaign returned $33,000 to two Palestinian brothers in the Gaza Strip who had bought T-shirts in bulk from the campaign's online store -- purchases that count as campaign contributions. The brothers had listed their address as "Ga.," which the campaign took to mean Georgia rather than Gaza.
"While no organization is completely protected from Internet fraud, we will continue to review our fundraising procedures," Obama spokesman Ben LaBolt told the magazine.
At the heart of the RNC complaint is a federal fundraising rule that lets campaigns accept donations under $200 without itemizing the names and addresses of the donors on its campaign finance reports. The rule was intended as a matter of practicality -- it did not seem reasonable to ask a campaign to gather that information from every five-dollar donor.
But the Obama campaign has raised more than $200 million this way, a staggering sum for donations that will not be subjected to outside scrutiny.
Obama campaign aides said today that a number of steps have been taken to safeguard against foreign or illegal contributions coming in in smaller increments. The measures include: requiring donors to present a passport at fundraising events held for Americans overseas, ending contributions to the Obama Store from contributors with addresses outside the U.S. or its territories, and requiring donors to enter a U.S. passport number when contributing via the Americans Abroad page.
RNC to File FEC Complaint on Obama Fundraising Practices
By Matthew Mosk
A lawyer for the Republican National Committee today said the party will ask the Federal Election Commission to look into the source of thousands of small-dollar contributions to the presidential campaign of Sen. Barack Obama.
The RNC is alleging that the Obama campaign was so hungry for donations it "looked the other way" as contributions piled up from suspicious, and possibly even illegal foreign donors.
"We believe that the American people should know first and foremost if foreign money is pouring into a presidential election," said RNC Chief Counsel Sean Cairncross.
Cairncross alleged there was mounting evidence of this, and cited a report in the current issue of Newsweek magazine that documents a handful of instances where donors made repeated small donations using fake names, such as "Good Will" and "Doodad Pro."
The Newsweek report says that earlier this year the Obama campaign returned $33,000 to two Palestinian brothers in the Gaza Strip who had bought T-shirts in bulk from the campaign's online store -- purchases that count as campaign contributions. The brothers had listed their address as "Ga.," which the campaign took to mean Georgia rather than Gaza.
"While no organization is completely protected from Internet fraud, we will continue to review our fundraising procedures," Obama spokesman Ben LaBolt told the magazine.
At the heart of the RNC complaint is a federal fundraising rule that lets campaigns accept donations under $200 without itemizing the names and addresses of the donors on its campaign finance reports. The rule was intended as a matter of practicality -- it did not seem reasonable to ask a campaign to gather that information from every five-dollar donor.
But the Obama campaign has raised more than $200 million this way, a staggering sum for donations that will not be subjected to outside scrutiny.
Obama campaign aides said today that a number of steps have been taken to safeguard against foreign or illegal contributions coming in in smaller increments. The measures include: requiring donors to present a passport at fundraising events held for Americans overseas, ending contributions to the Obama Store from contributors with addresses outside the U.S. or its territories, and requiring donors to enter a U.S. passport number when contributing via the Americans Abroad page.
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thank you jb
i was immediately impressed to speak on the A.N. last night
but i cant even go there-
disgusting
terrorism by definition i mean helllloooo?
nada to do w/ any group- its a human tactic
employed by any when they see fit
and it is always terrifying
duh
i was immediately impressed to speak on the A.N. last night
but i cant even go there-
disgusting
terrorism by definition i mean helllloooo?
nada to do w/ any group- its a human tactic
employed by any when they see fit
and it is always terrifying
duh
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This was the last so called article regarding Questionable Fund raising practices by Obama...
WHERE IS THE MONEY COMING FROM ?
By MAUREEN DOWD
Published: June 29, 2008
OBAMA'S TROUBLING INTERNET FUND RAISING
Certainly the most interesting and potentially devastating phone call I have received during this election cycle came this week from one of the Obama's campaign internet geeks. These are the staffers who devised Obama's internet fund raising campaign which raised in the neighborhood of $200 million so far. That is more then twice the total funds raised by any candidate in history — and this was all from the internet campaign.
What I learned from this insider was shocking but I guess we shouldn't be surprised that when it comes to fund raising there simply are no rules that can't be broken and no ethics that prevail.
Obama's internet campaign started out innocently enough with basic e-mail networking, lists saved from previous party campaigns and from
supporters who visited any of the Obama campaign web sites. Small contributions came in from these sources and the internet campaign staff were more than pleased by the results.
Then, about two months into the campaign the daily contribution intake multiplied. Where was it coming from? One of the web site security monitors began to notice the bulk of the contributions were clearly coming in from overseas internet service providers and at the rate and frequency of transmission it was clear these donations were "programmed" by a very sophisticated user.
While the security people were not able to track most of the sources due to firewalls and other blocking devices put on these contributions they were able to collate the number of contributions that were coming in seemingly from individuals but the funds were from only a few credit card accounts and bank electronic funds transfers. The internet service providers (ISP) they were able to trace were from Saudi Arabia, Iran, and other Middle Eastern countries. One of the banks used for fund transfers was also located in Saudi Arabia.
Another concentrated group of donations was traced to a Chinese ISP with a similar pattern of limited credit card charges.
It became clear that these donations were very likely coming from sources other than American voters. This was discussed at length within the campaign and the decision was made that none of these donations violated campaign financing laws.
It was also decided that it was not the responsibility of the campaign to audit these millions of contributions as to the actual source (specific credit card number or bank transfer account numbers) to insure that none of these internet contributors exceeded the legal maximum donation on a cumulative basis of many small donations. They also found the record keeping was not complete enough to do it anyway.
This is a shocking revelation.
We have been concerned about the legality of "bundling" contributions after the recent exposure of illegal bundlers but now it appears we may have an even greater problem.
I guess we should have been somewhat suspicious when the numbers started to come out. We were told (no proof offered) that the Obama internet contributions were from $10.00 to $25.00 or so.
If the $200,000,000 is right, and the average contribution was $15.00, that would mean over 13 million individuals made contributions? That would also be 13 million contributions would need to be processed. How did all that happen?
I believe the Obama campaign's internet fund raising needs a serious, in depth investigation and audit. It also appears the whole question of internet fund raising needs investigation by the legislature and perhaps new laws to insure it complies not only with the letter of these laws but the spirit as well.
WHERE IS THE MONEY COMING FROM ?
By MAUREEN DOWD
Published: June 29, 2008
OBAMA'S TROUBLING INTERNET FUND RAISING
Certainly the most interesting and potentially devastating phone call I have received during this election cycle came this week from one of the Obama's campaign internet geeks. These are the staffers who devised Obama's internet fund raising campaign which raised in the neighborhood of $200 million so far. That is more then twice the total funds raised by any candidate in history — and this was all from the internet campaign.
What I learned from this insider was shocking but I guess we shouldn't be surprised that when it comes to fund raising there simply are no rules that can't be broken and no ethics that prevail.
Obama's internet campaign started out innocently enough with basic e-mail networking, lists saved from previous party campaigns and from
supporters who visited any of the Obama campaign web sites. Small contributions came in from these sources and the internet campaign staff were more than pleased by the results.
Then, about two months into the campaign the daily contribution intake multiplied. Where was it coming from? One of the web site security monitors began to notice the bulk of the contributions were clearly coming in from overseas internet service providers and at the rate and frequency of transmission it was clear these donations were "programmed" by a very sophisticated user.
While the security people were not able to track most of the sources due to firewalls and other blocking devices put on these contributions they were able to collate the number of contributions that were coming in seemingly from individuals but the funds were from only a few credit card accounts and bank electronic funds transfers. The internet service providers (ISP) they were able to trace were from Saudi Arabia, Iran, and other Middle Eastern countries. One of the banks used for fund transfers was also located in Saudi Arabia.
Another concentrated group of donations was traced to a Chinese ISP with a similar pattern of limited credit card charges.
It became clear that these donations were very likely coming from sources other than American voters. This was discussed at length within the campaign and the decision was made that none of these donations violated campaign financing laws.
It was also decided that it was not the responsibility of the campaign to audit these millions of contributions as to the actual source (specific credit card number or bank transfer account numbers) to insure that none of these internet contributors exceeded the legal maximum donation on a cumulative basis of many small donations. They also found the record keeping was not complete enough to do it anyway.
This is a shocking revelation.
We have been concerned about the legality of "bundling" contributions after the recent exposure of illegal bundlers but now it appears we may have an even greater problem.
I guess we should have been somewhat suspicious when the numbers started to come out. We were told (no proof offered) that the Obama internet contributions were from $10.00 to $25.00 or so.
If the $200,000,000 is right, and the average contribution was $15.00, that would mean over 13 million individuals made contributions? That would also be 13 million contributions would need to be processed. How did all that happen?
I believe the Obama campaign's internet fund raising needs a serious, in depth investigation and audit. It also appears the whole question of internet fund raising needs investigation by the legislature and perhaps new laws to insure it complies not only with the letter of these laws but the spirit as well.
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Now the truth about the Article....
Origins: The faux news article reproduced above is a masterful bit of political effluvium, one which proffers the "shocking revelation" that not only were the bulk of donations to Senator Barack Obama's presidential campaign made via the Internet coming from a handful of wealthy financiers in China, Saudi Arabia, Iran, and "other Middle Eastern countries" (rather than from American voters), but that Senator Obama was fine with accepting such tainted and compromised funding because of the technicality that "none of these donations violated campaign financing laws."
The article was not, as claimed in its header, written by veteran political columnist Maureen Dowd (her 29 June 2008 column was about Senator Hillary Clinton's supporters, not the financing of Senator Obama's campaign),
Maureen Dowd´s response to the article:
The line about it being the 'most shocking revelation,' I don't think I've ever said those words, except in a satire. Also, it is about money, which I never write about. Sometimes you try and protest things you hear about, but sometimes it's just not worth it... It is hard to track down and control these things, and anyone who reads my column knows that this wasn't me. I got to the second line and I knew it wasn't me.
And aside from the article's bogus attribution, the facts it posits about contributions to the Obama campaign are wrong: The bulk of the money raised by the Obama campaign via donations has come from contributions of $200 or larger, not contributions of "$10 to $25 or so," and campaigns must, by federal law, identify "all PACs and party committees that give them contributions, and they must identify individuals who give them more than $200 in an election cycle."
Urban Legends Reference Pages © 1995-2008 by snopes.com.
Origins: The faux news article reproduced above is a masterful bit of political effluvium, one which proffers the "shocking revelation" that not only were the bulk of donations to Senator Barack Obama's presidential campaign made via the Internet coming from a handful of wealthy financiers in China, Saudi Arabia, Iran, and "other Middle Eastern countries" (rather than from American voters), but that Senator Obama was fine with accepting such tainted and compromised funding because of the technicality that "none of these donations violated campaign financing laws."
The article was not, as claimed in its header, written by veteran political columnist Maureen Dowd (her 29 June 2008 column was about Senator Hillary Clinton's supporters, not the financing of Senator Obama's campaign),
Maureen Dowd´s response to the article:
The line about it being the 'most shocking revelation,' I don't think I've ever said those words, except in a satire. Also, it is about money, which I never write about. Sometimes you try and protest things you hear about, but sometimes it's just not worth it... It is hard to track down and control these things, and anyone who reads my column knows that this wasn't me. I got to the second line and I knew it wasn't me.
And aside from the article's bogus attribution, the facts it posits about contributions to the Obama campaign are wrong: The bulk of the money raised by the Obama campaign via donations has come from contributions of $200 or larger, not contributions of "$10 to $25 or so," and campaigns must, by federal law, identify "all PACs and party committees that give them contributions, and they must identify individuals who give them more than $200 in an election cycle."
Urban Legends Reference Pages © 1995-2008 by snopes.com.
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We'll see.
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LMAO....
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mindfful: thank you jb
i was immediately impressed to speak on the A.N. last night
but i cant even go there-
disgusting
terrorism by definition i mean helllloooo?
nada to do w/ any group- its a human tactic
employed by any when they see fit
and it is always terrifyingduh
i was immediately impressed to speak on the A.N. last night
but i cant even go there-
disgusting
terrorism by definition i mean helllloooo?
nada to do w/ any group- its a human tactic
employed by any when they see fit
and it is always terrifyingduh
Hello MF
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Barack Obama
RNC to File FEC Complaint on Obama Fundraising Practices
By Matthew Mosk
A lawyer for the Republican National Committee today said the party will ask the Federal Election Commission to look into the source of thousands of small-dollar contributions to the presidential campaign of Sen. Barack Obama.
The RNC is alleging that the Obama campaign was so hungry for donations it "looked the other way" as contributions piled up from suspicious, and possibly even illegal foreign donors.
"We believe that the American people should know first and foremost if foreign money is pouring into a presidential election," said RNC Chief Counsel Sean Cairncross.
Cairncross alleged there was mounting evidence of this, and cited a report in the current issue of Newsweek magazine that documents a handful of instances where donors made repeated small donations using fake names, such as "Good Will" and "Doodad Pro."
The Newsweek report says that earlier this year the Obama campaign returned $33,000 to two Palestinian brothers in the Gaza Strip who had bought T-shirts in bulk from the campaign's online store -- purchases that count as campaign contributions. The brothers had listed their address as "Ga.," which the campaign took to mean Georgia rather than Gaza.
"While no organization is completely protected from Internet fraud, we will continue to review our fundraising procedures," Obama spokesman Ben LaBolt told the magazine.
At the heart of the RNC complaint is a federal fundraising rule that lets campaigns accept donations under $200 without itemizing the names and addresses of the donors on its campaign finance reports. The rule was intended as a matter of practicality -- it did not seem reasonable to ask a campaign to gather that information from every five-dollar donor.
But the Obama campaign has raised more than $200 million this way, a staggering sum for donations that will not be subjected to outside scrutiny.
Obama campaign aides said today that a number of steps have been taken to safeguard against foreign or illegal contributions coming in in smaller increments. The measures include: requiring donors to present a passport at fundraising events held for Americans overseas, ending contributions to the Obama Store from contributors with addresses outside the U.S. or its territories, and requiring donors to enter a U.S. passport number when contributing via the Americans Abroad page.
RNC to File FEC Complaint on Obama Fundraising Practices
By Matthew Mosk
A lawyer for the Republican National Committee today said the party will ask the Federal Election Commission to look into the source of thousands of small-dollar contributions to the presidential campaign of Sen. Barack Obama.
The RNC is alleging that the Obama campaign was so hungry for donations it "looked the other way" as contributions piled up from suspicious, and possibly even illegal foreign donors.
"We believe that the American people should know first and foremost if foreign money is pouring into a presidential election," said RNC Chief Counsel Sean Cairncross.
Cairncross alleged there was mounting evidence of this, and cited a report in the current issue of Newsweek magazine that documents a handful of instances where donors made repeated small donations using fake names, such as "Good Will" and "Doodad Pro."
The Newsweek report says that earlier this year the Obama campaign returned $33,000 to two Palestinian brothers in the Gaza Strip who had bought T-shirts in bulk from the campaign's online store -- purchases that count as campaign contributions. The brothers had listed their address as "Ga.," which the campaign took to mean Georgia rather than Gaza.
"While no organization is completely protected from Internet fraud, we will continue to review our fundraising procedures," Obama spokesman Ben LaBolt told the magazine.
At the heart of the RNC complaint is a federal fundraising rule that lets campaigns accept donations under $200 without itemizing the names and addresses of the donors on its campaign finance reports. The rule was intended as a matter of practicality -- it did not seem reasonable to ask a campaign to gather that information from every five-dollar donor.
But the Obama campaign has raised more than $200 million this way, a staggering sum for donations that will not be subjected to outside scrutiny.
Obama campaign aides said today that a number of steps have been taken to safeguard against foreign or illegal contributions coming in in smaller increments. The measures include: requiring donors to present a passport at fundraising events held for Americans overseas, ending contributions to the Obama Store from contributors with addresses outside the U.S. or its territories, and requiring donors to enter a U.S. passport number when contributing via the Americans Abroad page.
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Obama's "Close" Circle of friends...
Bill Ayres - close personal friend and TERRORIST (ties confirmed)
Franklyn Raines - Fined and fired, now chief advisor to Obama (ties confirmed)
James Johnson - Same as above (ties confirmed)
Jamie Gorelick - Same as above (ties confirmed)
Tony Rezco - No explanation necessary (ties confirmed)
Reverand Wright - No explantaion necessary (ties confirmed)
Michele Obama - No explanation necessary
ACORN
And now we can add illegal campaign contributions from Arab nations... Suit filed, underway
Is there ANYTHING respectable about this man?
Bill Ayres - close personal friend and TERRORIST (ties confirmed)
Franklyn Raines - Fined and fired, now chief advisor to Obama (ties confirmed)
James Johnson - Same as above (ties confirmed)
Jamie Gorelick - Same as above (ties confirmed)
Tony Rezco - No explanation necessary (ties confirmed)
Reverand Wright - No explantaion necessary (ties confirmed)
Michele Obama - No explanation necessary
ACORN
And now we can add illegal campaign contributions from Arab nations... Suit filed, underway
Is there ANYTHING respectable about this man?
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Galactic_bodhi: OMG! Somebody who isn't Christian in the White House!
OMG! Somebody who isn't White Anglo-Saxon in the White House!
OMG! Somebody tell me, what is this world coming to?
Maybe...to its senses...you don't trust him because you don't like him...leave the scarecrows in the cornfield...!
OMG! Somebody who isn't White Anglo-Saxon in the White House!
OMG! Somebody tell me, what is this world coming to?
Maybe...to its senses...you don't trust him because you don't like him...leave the scarecrows in the cornfield...!
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I am going to enjoy reading all the cry baby threads on the 5th of Nov!!
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shipoker58: I am going to enjoy reading all the cry baby threads on the 5th of Nov!!
hi shippy how r ya ------ This thread is Archived ------
hi Pyare
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October 6th
Obama Sought HUD Grant for Donor's Project
Barack Obama last year sought a multimillion-dollar federal grant for a Chicago housing project that is behind schedule and whose development team includes a longtime political supporter
Barack Obama last year sought a multimillion-dollar federal grant for a Chicago housing project whose construction is behind schedule and development team includes one of Obama's longtime supporters, the Washington Times reported Monday.
According to the report, the Democratic presidential candidate wrote a letter to the Bush administration that was never disclosed publicly and ghostwritten for him by a consultant for the Chicago Housing Authority, which wanted the money.
Ethics watchdogs frown upon such a practice, and critics told the newspaper that Obama's role raises questions about a conflict of interest and whether he is truly the reformer he claims to be.
One of the developers for the Stateway Project is a firm headed by Allison Davis, one of Obama's early mentors and a longtime political supporter, the Times reports.
Obama Sought HUD Grant for Donor's Project
Barack Obama last year sought a multimillion-dollar federal grant for a Chicago housing project that is behind schedule and whose development team includes a longtime political supporter
Barack Obama last year sought a multimillion-dollar federal grant for a Chicago housing project whose construction is behind schedule and development team includes one of Obama's longtime supporters, the Washington Times reported Monday.
According to the report, the Democratic presidential candidate wrote a letter to the Bush administration that was never disclosed publicly and ghostwritten for him by a consultant for the Chicago Housing Authority, which wanted the money.
Ethics watchdogs frown upon such a practice, and critics told the newspaper that Obama's role raises questions about a conflict of interest and whether he is truly the reformer he claims to be.
One of the developers for the Stateway Project is a firm headed by Allison Davis, one of Obama's early mentors and a longtime political supporter, the Times reports.
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hi karen
hows it going with obama bashing
hows it going with obama bashing
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pyaremohan: hi karen
hows it going with obama bashing
hows it going with obama bashing
Easy work.
Hi Raul...
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hey dude do you work for the cia ??or do they pay you for doing this?it's a freeworld pal ........if u don't lik him .don't vote for the guy !!
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Here's another one that's false according to snopes:
Advice and Descent
Claim: Three former Fannie Mae executives are linked to the Obama campaign as chief economic advisors.
Status: False.
Example: [Collected via e-mail, September 2008]
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 late 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. 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 management 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
(Cont'd)....
Advice and Descent
Claim: Three former Fannie Mae executives are linked to the Obama campaign as chief economic advisors.
Status: False.
Example: [Collected via e-mail, September 2008]
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 late 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. 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 management 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
(Cont'd)....
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ELECTION 2008
Illegal Obama donors: Middle Eastern Arabs
Gazan brothers' illicit contributions listed in government campaign filings
Posted: August 04, 2008
11:17 am Eastern
By Aaron Klein
© 2008 WorldNetDaily
JERUSALEM – Palestinian brothers inside the Hamas-controlled Gaza Strip are listed in government election filings as having donated $29,521.54 to Sen. Barack Obama's campaign.
Donations of this nature would violate election laws, including prohibitions on receiving contributions from foreigners and guidelines against accepting more than $2,300 from one individual during a single election, Bob Biersack, a spokesman for the Federal Election Commission, told WND in response to a query.
The contributions also raise numerous questions about the Obama campaign's lax online donation form, which apparently allows for the possibility of foreign contributions.
Last week, the Atlas Shrugs blog outlined a series of donations in 2007 made to Obama's campaign from two individuals, Monir Edwan and Hosam Edwan, totaling $29,521.54.
In an online form on Obama's campaign site, the Edwans listed their street as "Tal Esaltan," which they wrote was located in "Rafah, GA."
Rafah is not a city in Georgia. The Atlas blog immediately raised concerns that the money may have been donated from the Gaza Strip town of Rafah.
The Edwans' donations are listed in both FEC filings and other election filing sites, such as CampaignMoney and donordata.org.