Friday, October 10, 2008

Now here's genius....pure genius. A man who made millions from the show, Punked that we all love, decides to voice his opinion by saying that McCain and Bush are indistinguishable, and full of it.

Well if we use Ashton's OWN words saying that it's not the coach's fault aka George Bush, it's the team's fault. Well...if George Bush is the coach...that would make....CONGRESS the team (which he's correct that John McCain happens to be apart of). However, he forgets the tiny fact that congress is majority run by....oh SHIT, thats right DEMOCRATS. Damnnn so if it's the TEAMS fault that means Nancy Pilosi is the first to get a spankin for bein a naughty girl : )Secondly he wants to once again, ignore the facts and talk from his talking points (as you can see are the notecards in his left hand) and tell us alllll how John McCain runs his campaign....yes, LETS talk about those big money receivers that run the campaigns and give advice!! He "pointed out" McCains, well let me point out Obamas...

Here is a quick look into 3 former Fannie Mae executives who have 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. At the time of his departure The Wall Street Journal noted, ' Raines, who long defended the company's accounting despite mounting evidence that it wasn't proper, issued a statement late Tuesday conceding that 'mistakes were made' and saying he would assume responsibility as he had earlier promised. News reports indicate the company was under growing pressure from regulators to shake up its management in the wake of findings that the company's books ran afoul of generally accepted accounting principles for four years.' Fannie Mae had to reduce its surplus by $9 billion.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. http://housingdoom.com/2006/12/18/fannie-charges/ . The Government noted, 'The 101 charges reveal how the individuals improperly manipulated earnings to maximize their bonuses, while knowingly neglecting accounting systems and internal controls, misapplying over twenty accounting principles and misleading the regulator and the public. The Notice explains how they submitted six years of misleading and inaccurate accounting statements and inaccurate capital reports that enabled them to grow Fannie Mae in an unsafe and unsound manner.' These charges were made in 2006. The Court ordered Raines to return $50 Million Dollars he received in bonuses based on the miss-stated Fannie Mae profits.

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. In everyday English - he was cooking the books . The Government Investigation determine that, 'Chief Financial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie Mae,'On June 16, 2006, Rep. Richard Baker, R-La., asked the Justice Department to investigate his allegations that two former Fannie Mae executives lied to Congress in October 2004 when they denied manipulating the mortgage-finance giant's income statement to achieve management pay bonuses. Investigations by federal regulators and the company's board of directors since concluded that management did manipulate 1998 earnings to trigger bonuses. Raines and Howard20resigned 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. A look at the Office of Federal Housing Enterprise Oversight's May 2006 report on mismanagement and corruption inside Fannie Mae, and you'll see some interesting things about Johnson. 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 Chief Economic AdvisorTIM

HOWARD - Howard is also a Chief Economic Advisor to Obama

JIM JOHNSON - Johnson is Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee

While I love laughing to That 70's Show and watching you Punk people on MTV Ashton, you should do your homework before you go punking yourself....clearly the ONLY people stealing money from your team, is your own assistant coaches and players, the Blue team...you're just too ignorant to realize it. I don't know about the rest of America but I'd like the coach of my team to talk about winning, not about how bad our team sucks. Again, another actor...reading from the same script...see a trend?

1 comment:

Adam said...

First off I want to thank you Jessica for replying to my post and reading our blog...Hopefully this isn't the only one you've read because there's very important information and points we make in each blog we post

Look, I appreciate your talking points from CNN, who hasn't been Barack Obama biased AT ALL, and why wouldn't sites like I don't know, "urban legend" sites such as the one you've proposed http://www.snopes.com/politics/obama/obama.asp
be a stretch or very opinionated. Something I don't usually do is give sites like these a chance because once again, they stretch the truth, are typically artfully crafted, and are solely based on a matter of opinion whether it is believed to be "factual" or not. Unfortunately Jessica you replied at a bad bad time, because if you click on the link I posted a couple of sentences ago, you'll see that the SAME SITE you got your information from, says that a photograph shows Barack Obama holding a phone upside down is FALSE.
Check out MY latest post ; ). And trust me, I'm not a photoshop expert. Just to set the record straight NOW, I didn't even know you commented on my post until 5 min ago when Chase told me. So don't think I went searching for that picture in desperation because I didn't. I did it more as a joke however it turned out to work in my favor.

You know what upsets me more than anything Jessica, is that...let's go out on a limb and say you're right, and I'm wrong. Okay, these 3 men have NOTHING to do with Barack. Fine. You know what's WORSE than being associated with these 3 men. RECEIVING MONEY FROM THEM AND THEIR PHONY CORPORATIONS. Barack Obama (and you can look this up wherever you choose) was the 3rd highest, 3RD HIGHEST recipient from freddie and fannie in the past nine years. No matter how you twist that story, it's still the same, or as Sen Obama would say you can put lipstick on a pig, but it's still a pig. So let me rephrase it so we can all understand.... "you can warn a company that they're going to fail, but hey, keep taking the money while they're still above water!" In other words, warn others of them being a fraud, but behind the scenes take in the benifits of their dispicable actions. GREAT JUDGEMENT.

Unbelievable....oh and by the way, Barack Obama's "warning" was a year AFTER John McCain's. He proposed legislation in 2005 that I quote
"I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

I urge my colleagues to support swift action on this GSE reform legislation.”

But unfortunately BOTH pieces of legislation were shot down because, oh that's right, democrats have majority rule in the house and senate and were BANKING from this irresponsible group of lenders.
That's fine if you want to use Barack Obama's "I didn't do it, I didn't know" website or a site about urban legends, but in the future take some time and research some REAL facts that show something about someones character and morals. All he ever says is, well I'm going to do this, I'm going to give everyone that, I'm going to eliminate this..or like YOUR post,
"They will make sure homebuyers have honest and complete information about their mortgage options, mandate accurate loan disclosure, and give a tax credit to all middle-class homeowners."
..has he EVER been asked HOW!? Are he and Mr Biden going to sit down with EVERY American who wants to get a loan?? And you all should give up on the tax credit horse shit because it's been proven time and time again that half the "95%" of the tax refund recipients dont even pay taxes and that distribution of wealth doesn't work...ask northern Europe. While he'd like to... Barack can't have his cake and eat it too! His fantasy world is not nor will it ever be a possible reality. Doesn't matter which political party you affiliate with this statistic of democratic recipients from Fannie and Freddie should make everyone sick in a time of economic difficulty.