WITH THESE PEOPLE RUNNING FANNIE MAE WHAT COULD GO WRONG?

FRANKLIN RAINES [D] FNMA CEO (1999 2004) Raines accepted early retirement from his CEO position while the SEC pretended to investigate accounting irregularities. Fannies own OHFHEO also accused him of abetting widespread accounting errors, including the shifting of losses, so he and his fellow execs could earn large bonuses. The WSJ reported back in 2008 that Raines was one of several cronies that received below market rates for mortgages from Countrywide. Raines alone receive loans for over $3 million while CEO of FNMA. Raines compensation for his work at FNMA - $90 million. RAINES GRADE F

DANIEL MUDD [R] FNMA CEO (2005 2008) Before becoming CEO of FNMA, Mudd worked at the Office of the Secretary of Defense, was an advisor to Asia-Pacific Economic Corp., served on the board of the Council of Foreign Relations, consulted at the World Bank, and held many positions at GE Capital including president and CEO. Mudd was dismissed as CEO of FNMA when FHFA became conservator in 2008. In 2011 Mudd and other GSE execs were charged by SEC with securities fraud. After his career at FNMA Mudd became CEO of a NYC hedge fund named Fortress. Fortress invested in purchasing tax liens on delinquent property taxes from local governments under many benign corporate names such as Pleasant Valley Capital and Travis Farm Investments. Cozy. Mudds compensation for his work at FNMA - $80 million. MUDD GRADE F

NEEL KASHKARI [R] FNMA CEO (Tenure is murky) Kashkari was a former investment banker for Goldman Sachs, was tapped by Hank The Shank Paulson to lend his skills over at TARP HQ, and now rather ironically, continues Gods work as a Managing Director at PIMCO. Kashkaris compensation for his work at FNMA is also murky; Ill just assume it was too much. KASHKARI GRADE - F HERB ALLISON [D] FNMA CEO (2008 2009) The esteemed Mr. Allison was quickly whisked off to oversee the wildly successful TARP program. I didnt find much on his compensation during his brief stint as FNMA CEO. Allison served in various positions at Merrill Lynch and became a member of the board in 1997. He was a director of the NYSE from 2003 2005. ALLISON GRADE F

MICHAEL WILLIAMS [?] FNMA CEO (2009 Jan 1, 2012) Mr. Williams is a 20 year veteran at FNMA. While serving as FNMA CEO, Williams managed to scrape by on less than $6 million in 2011 alone. This could and should be considered a hardship, given the complexities involved in purloining ~ $60 billion of Fed bailout money. WILLIAMS GRADE F FANNIES MAJOR DANCE PARTNER, FREDDIE MAC, HAS ALSO PERFORMED VERY POORLY. Charles (my friends call me Ed) Haldeman has announced his retirement plans but intends to be a good sport and stay on with insolvent FHLMC until another crony can be found to fill his wing-tips. That might take a while. Serving as CEO of the ultimate backstops for the lions share of the MBS Ponzi is very stressful. Well have to accept former Freddie exec David Kellermanns testimony posthumously. Mr. Kellermann was found hanging by the neck in the basement of his posh Vienna, VA home in the affluent suburb of Washington. D.C. way back in April of 2009. It is presumed he had no help and local police have stated there was no evidence of foul play.
Maybe, just maybe, these treasonous monsters will be held accountable. Modern day Nuremberg Trials are in order; this time in front of an International Financial Tribunal. Check them carefully for concealed cyanide tablets. There are no excuses for being a sociopath.

There is no cure. Its terminal.