Thursday, March 05, 2009

mortgage garbage

Occasionally I reflect on my cynicism and wonder if I am being unfair to the habitues of Washington. Then a situation arises that enforces my attitude. The former ceo of Fannie Mae ,Franklin Raines , who is an economic advisor to the president ,not only fudged the books at Fannie Mae and walked away with millions in bonus money but joined the illustrious Senator Dodd in accepting mortgage favors from Country Wide Financial and lied about accepting such favors under oath. Will he be prosecuted? Don't hold your breath he contributed too much to Senator Dodd, Congressman Frank, and others including the ex senator in the white House.


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