Fannie Mae’s golden parachute for Franklin Raines

by BGR on December 27, 2004

franklin raines, prince of thieves

, will receive a pension of $114,000 per month for life plus health and life insurance benefits.

Apparently, he retired before he could be dismissed for Enronesque mismanagement and apparent FCC reporting manipulation that produced over $9 billion dollars of falsely stated profits since 2001.

I hope he chokes on it.

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