Source: HYSCIENCE
June 18, 2010
Disgraced Fannie Mae CEO set to cash in for millions on Cap-and-Tax
Remember the disgraced former Clinton and Obama budget adviser Franklin Raines?
As you may recall, Raines and two other top Fannie Mae executives agreed to pay $24.7 million, including a $2 million fine, to settle a civil lawsuit filed in December 2006 accusing them of manipulating Fannie Mae earnings, allowing executives to pocket hundreds of millions in bonuses from 1998 to 2004:
Raines and his partners carried out their plan by quietly filing for and receiving a second nearly identical carbon-emissions patent that superseded the first patent, according to government records. The second patent was never assigned to Fannie Mae or any other party.
Now this clown owns a key carbon-emissions patent he developed as CEO of the government-sponsored mortgage giant Fannie Mae, positioning him and his partners to make millions of dollars if it is used in any carbon-capping scheme implemented by the Obama administration.
We shouldn't be surprised, should we? Raines isn't the only Obama crony to benefit from Obama's Cap-and-Tax scheme. There's also Al Gore, GE, Goldman Sachs and the Chicago Climate Exchange, etc.
Looking at the big picture, Barack Obama, Albert Gore Jr., and a whole cast of other clowns stand to make yearly (gross) off of the greatest scam in human history - "global warming."
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