Wednesday, September 17, 2008

Hi - I'm Franklin Raines

Do you remember the old American Express commercials? You know - the ones that have someone holding their card and saying, "Hi, do you know me?" I think it's time that we had a new commercial featuring someone we should all know.

Hi, do you know me? I'm Franklin Raines - Barak Obama's economics advisor. You may not remember me as the fired CEO of Fannie Mae, but here's my story:

http://money.cnn.com/2004/12/21/news/fortune500/fannie/index.htm

Now you might be saying that I caused major losses for Fannie Mae, but you know what? I got mine. So did Jamie Gorelick, but that's another story.

http://groups.google.com/group/misc.news.internet.discuss/browse_thread/thread/b5670bb220ba523c/c935ebbe40e9c593?lnk=raot

Even two months ago, I said that Fannie Mae and Freddie Mac did not need a bail out.

http://www.washingtonpost.com/wp-dyn/content/article/2008/07/15/AR2008071502426.html

So, no one's perfect. With help from soon-to-be President Obama, I promise to use my experiences to make America as stable as Fannie Mae.

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