Where are Jim, Tim, and Franklin now?

Just in case you might have wondered how their ineptitude affected their lives after they ruined so many dreams and lives….let me refresh your memory:
Where are Jim, Tim and Franklin now? Here’s a quick look into the three former Fannie Mae executives who brought down Wall Street.

Franklin Raines – was a Chairman and Chief Executive Officer at Fannie Mae. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregularities in Fannie Mae’s accounting activities. Raines left with a “golden parachute valued at $240 Million in benefits. The Government filed suit against Raines when the depth of the accounting scandal became clear.

Tim Howard – was the Chief Financial Officer of Fannie Mae. Howard “was a strong internal proponent of using accounting strategies that would ensure a “stable pattern of earnings” at Fannie. Investigations by federal regulators and the company’s board of directors since concluded that management did manipulate 1998 earnings to trigger bonuses. Raines and Howard resigned under pressure in late 2004. Howard’s Golden Parachute was estimated at $20 Million!

Jim Johnson – A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO. Investigators found that Fannie Mae had hidden a substantial amount of Johnson’s 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million.” Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae. Johnson’s Golden Parachute was estimated at $28 Million.

WHERE ARE THEY NOW?

FRANKLIN RAINES?
Raines works for the Obama Campaign as his Chief Economic Advisor.

TIM HOWARD?
Howard is a Chief Economic Advisor to Obama under Franklin Raines.

JIM JOHNSON?
Johnson was hired as a Senior Obama Finance Advisor and was selected to run Obama’s Vice Presidential Search Committee.

WOW

• The recession has hit everybody really hard…
• My neighbor got a pre-declined credit card in the mail.
• Wives are having sex with their husbands because they can’t afford batteries.
• CEO’s are now playing miniature golf.
• Exxon-Mobil laid off 25 Congressmen.
• A stripper was killed when her audience showered her with rolls of pennies while she danced.
• I saw a Mormon with only one wife.
• If the bank returns your check marked “Insufficient Funds,” you call them and ask if they meant you or them.
• McDonald’s is selling the 1/4 ouncer.
• Angelina Jolie adopted a child from America.
• Parents in Beverly Hills fired their nannies and learned their children’s’ names.
• A truckload of Americans was caught sneaking into Mexico.
• A picture is now only worth 200 words.
• When Bill and Hillary travel together, they now have to share a room.
• The Treasure Island casino in Las Vegas is now managed by Somali pirates.

And, finally….

I was so depressed last night thinking about the economy, wars, jobs, my savings, Social Security, retirement funds, etc., I called the Suicide Hotline.  I got a call center in Pakistan, and when I told them I was suicidal, they got all excited and asked if I could drive a truck.

Compliments of Diana Baxter

This was sent to me by my mother…..

Read this and make a copy for your files in case you need to refer to it someday. Maybe we should all take some of his advice! A corporate attorney sent the following out to the employees in his company:

1…. Do not sign the back of your credit cards. Instead, put ‘PHOTO ID REQUIRED.’

2. When you are writing checks to pay on your credit card accounts, DO NOT put the complete account number on the ‘For’ line. Instead, just put the last four numbers. The credit card company knows the rest of the number, and anyone who might be handling your check as it passes through all the check processing channels won’t have access to it.

3. Put your work phone # on your checks instead of your home phone. If you have a PO Box use that instead of your home address. If you do not have a PO Box, use your work address. Never have your SS# printed on your checks. (DUH!) You can add it if it is necessary. But if you have It printed, anyone can get it.

4. Place the contents of your wallet on a photocopy machine. Do both sides of each license, credit card, etc. You will know what you had in your wallet and all of the account numbers and phone numbers to call and cancel…. Keep the photocopy in a safe place. I also carry a photocopy of my passport when I travel either here or abroad. We’ve all heard horror stories about fraud that’s committed on us in stealing a Name, address, Social Security number, credit cards. Unfortunately, I, an attorney, have first hand knowledge because my wallet was stolen last month…. Within a week, the thieves ordered an expensive monthly cell phone package, applied for a VISA credit card, had a credit line approved to buy a Gateway computer, received a PIN number from DMV to change my driving record information online, and more. But here’s some critical information to limit the damage in case this happens to you or someone you know:

5. We have been told we should cancel our credit cards immediately. But the key is having the toll free numbers and your card numbers handy so you know whom to call. Keep those where you can find them.

6. File a police report immediately in the jurisdiction where your credit cards, etc., were stolen. This proves to credit providers you were diligent, and this is a first step toward an investigation (if there ever is one).

But here’s what is perhaps most important of all: (I never even thought to do this.)
7. Call the 3 national credit reporting organizations immediately to place a fraud alert on your name and also call the Social Security fraud line number. I had never heard of doing that until advised by a bank that called to tell me an application for credit was made over the internet in my name.

The alert means any company that checks your credit knows your information was stolen, and they have to contact you by phone to authorize new credit.

By the time I was advised to do this, almost two weeks after the theft, all the damage had been done. There are records of all the credit checks initiated by the thieves’ purchases, none of which I knew about before placing the alert. Since then, no additional damage has been done, and the thieves threw my wallet away this weekend (someone turned it in). It seems to have stopped them dead in their tracks…

Now, here are the numbers you always need to contact about your wallet, if it has been stolen:

1.) Equifax:
1-800-525-6285
1-800-525-6285

2.) Experian (formerly TRW):
1-888-397-3742
1-888-397-3742

3.) Trans Union
1-800-680 7289
1-800-680 7289

4.) Social Security Administration
(fraud line):
1-800-269-0271
1-800-269-0271

We pass along jokes on the Internet; we pass along just about everything. If you are willing to pass this information along, it could really help someone that you care about.

Check this out. NBA or NFL

Some Very interesting Facts.

Even if you aren’t a sports fan this is very interesting!

36 have been accused of spousal abuse

7 have been arrested for fraud

19 have been accused of writing bad checks

117 have directly or indirectly bankrupted at least 2 businesses

3 have done time for assault

71 Repeat 71 cannot get a credit card due to bad credit

14 have been arrested on drug-related charges

8 have been arrested for shoplifting

21 currently are defendants in lawsuits,

84 have been arrested for drunk driving in the last year

Can you guess which organization this is?
NBA or NFL

Give up yet?
Scroll down,

Neither,
it’s the 535 members of the United States Congress

United States Congress

The same group of Idiots that crank out hundreds of new laws each year designed to keep the rest of us in line.

You gotta pass this one on!

This has to be one of the best sites I have seen in a while. If you ever want to feel good about your financial situation – all you have to do is click on this link. 🙂