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Comparing Enron/Worldcom/Tyco to Fannie Mae and Freddie Mac

October 2nd, 2008 | Media

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If the executives from Worldcom/Enron and Tyco got hauled of to the big house, how come the guys at Freddie Mac and Fannie Mae are still living la vida loca?
Here the video from Taxpayers for Truth:

From Hotair:

Here is the roster presented by the video, in brief:

  • Bernard Ebbers, Worldcom: 25 years in prison
  • Ken Lay, Enron: Convicted on 10 counts, died before serving sentence
  • Jeff Skilling, Enron: 24 years in prison
  • Andrew Fastow, Enron: 10 years in prison
  • Dennis Koslowski, Tyco: 8 years in prison
  • Mark Schwartz, Tyco: 8 years in prison

So how about the officers of Fannie Mae, who conducted similar kinds of fraud in their financial statements in order to pad bonuses and keep regulators from discovering their precarious position until it was too late?  Franklin Raines never faced criminal charges, and instead settled a civil suit with a $2 million payoff — which came from Fannie Mae’s insurance company.  Jim Johnson didn’t even have to do that much.

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3 comments ↓

#1 indianyogi on 10.02.08 at 3:37 pm

Please spread the word on behalf of a naturalized citizen.
———————————————————

Hillary Supporters: Only You Can Stop the Voter Fraud

This is a call to the 18 million Hillary Supporters.

These are historic times and the best country in the world needs you to protect its freedom and character.

If you think that 18 million voices were asked to shut up during Democratic primaries, wait until the election day! The outright voter fraud, voter registration corruption, the third world thuggery that is going on in Ohio, Pennsylvania, Colorado, and other places in the country indicates that a majority of American voices will be put to death on November 4.

It will be not because Obama won the elections fair and square. It will be because, he essentially told his supporters to use any and every means out there to make sure that he won.

Hillary supporters, the rules and the laws of the nation mean nothing. The Ohio courts are standing on the sidelines and letting the stealing go on. This is part of the continuing new American culture. Steal the money from the stock market, steal the border, steal the language, steal everything in broad daylight and the great thing is that no one will be punished.

You were cheated once! Please, we the American people beg you. Do not allow the pain to be inflicted again.

Please, vote for McCain. In your minds it is going to be a hard thing to do. But do it for the country we all love.

#2 boemery on 10.05.08 at 7:27 pm

I’m voting for McPalin08!

#3 boemery on 10.05.08 at 7:49 pm

I just really don’t understand why, since the economy is the number one topic on most people’s minds, the McCain camp isn’t just NAILING Obama on his support of Freddy/Fanny and the Democratic insistence on giving mortgages to the undeserving? He’s also the 2nd behind Dodd in receiving contributions. It blows my mind that they aren’t making these ties he has to Raines, etc. the TOP of the issue for him. It shows both BO’s corruption and lack of judgement. I wish they were reading this, and I hope that he does some of this stuff in the debate. After all is said and done at this point, McCain needs to get a HARDCORE plan on the economy and deliver it TUESDAY! Sure, Palin can trash BO on the FACTS of his Marxist associates, and she should, but it will be an ‘it’s the economy stupid’ race from here on in, and for McCain, who is superrich and has said that economics isn’t his strong suit, he needs to get his s**t together on that, it will most likely be THE defining issue.