Nothing will happen to Franklin Raines...

He is CURRENTLY barack Obama's econmonic advisor...

Wanna know about another former CEO of Fannie Mae?...

How about Jim Johnson...Who was Obama's selection to help find a VP candidate...

Until Obama had to throw him under the bus because he (Yup...the CEO of a government mortgage company) received mortgages from disgraced mortgage lender Countrywide through THEIR CEO at below market rates...

Also, And let's not forget the national finance chair of Barack Obama's presidential campaign Penny Pritzer, whose family's bank (she was the chairwoman) had to be seized by the FDIC and forced to pay $460 million toward the cost of the closure...

Now you know why it's so easy to say "It's Bush's fault" or "It's the Republicans' fault"...

They don't want Dorothy and her crew to pay any attention to that man behind the curtain...

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"You get the respect that you give" - cnredd

The federal takeover of Fannie Mae and Freddie Mac includes an edict that they must stop lobbying. The first directives went out from corporate headquarters by e-mail, just after noon Sunday. One of them, obtained by NPR, basically told lobbyists to stay put for now, and watch out what they say.

more than $174 million spent on lobbying over the past 10 years. That put Fannie and Freddie in the Top 20 for lobbying dollars for the decade, according to the Center for Responsive Politics. That means the mortgage giants were in the same league as such well-known heavy hitters as Verizon, AARP and the U.S. Chamber of Commerce.

campaign money for many Democrats, and even more Republicans, in the House and Senate. The campaign cash cracked the $10-million mark a while ago.
In 2005, Freddie Mac admitted to the Federal Election Commission that it had set up 85 fundraisers, mainly for members of the House Committee on Financial Services, which oversees government-sponsored enterprises (GSEs), a group of financial services corporations — including Freddie Mac and Fannie Mae — that was created by the United States Congress.

The companies have been famous for hiring big political names. Among them: former Clinton budget director Franklin Raines, Democratic operative Harold Ickes, Republican lobbyist and fundraiser Wayne Berman and former Republican congresswoman Susan Molinari.

If that proves to be the case [the government doesn't relinquish control] , Washington has just seen the abrupt end of two titans of lobbying. Fannie, Freddie Takeover May Mean Lobbying Curbs

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Salty

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