Another Corrupt Corporate Fat Cat That The Democrats Won't Be Questioning

Another Corrupt Corporate Fat Cat That The Democrats Won't Be Questioning

Thanks to Michelle Malkin for pointing to the details. October 9, 2008 USA Today reports on Franklin Raines swingin' new bachelor pad:

Washingtonian says Raines just paid $4.9 million for "a three-bedroom, seven-bath penthouse condominium" in Washington's Ritz-Carlton Residences.
The Washington Post says Raines and his wife are splitting up and agreed to sell their old house for $7.6 million.
Fannie Mae, a mortgage finance company that is now controlled by the government, had to restate billions in earnings because of accounting problems during his tenure. "Regulators have said that of the $90 million paid to Mr. Raines from 1998 to 2003 at least $52 million — more than half — was tied to bonus targets that were reached by manipulating accounting," The New York Times reported two years ago.

And of course, Raines has been Obama's adviser on housing matters. I can see why!