Media Ignore Democratic Ties to Fannie Mae Scandal - Papers largely bypass Franklin Raines service in Clinton White House but focused on Enron ties to Bush
CB
Papers largely bypass Franklin Raines service in Clinton White House but
focused on Enron ties to Bush.
By Ken Shepherd
Business & Media Institute
Feb. 24, 2006
After Enron's collapse, the media frequently reminded the public of
political ties top executives in the failed energy company had to the Bush
administration. The same standard, however, wasn't applied to mortgage
broker Fannie Mae (FNM), whose former CEO served in the Clinton White House
and was speculated to be on presidential hopeful John Kerry's short list for
Treasury secretary. The print media continued that double standard in
covering a comprehensive new report on the scandal released February 23 by
former Sen. Warren Rudman (R-N.H.).
Of the nation's top five newspapers, only The New York Times mentioned
Raines's Clinton connection. The Wall Street Journal didn't just ignore
Democratic links to Fannie Mae, it reported on Republican connections. In
the last paragraph of that story, reporter James R. Hagerty pointed out the
"strong ties" between the chairman of gulf Bank and Florida Gov. Jeb Bush
and linked that to a failed investment.
New York Times correspondents Stephen Labaton and Eric Dash wrote that
the February 23 report found Raines, "a former chairman and chief executive
who had previously served as a top official in the Clinton administration,
'contributed to a culture that improperly stressed stable earnings growth'
and that he hired and retained a management team that ... was 'inadequate
and in some respects was not competent.'"
The February 24 Washington Post business section featured three
stories, all of which mentioned Raines, but not his political connections or
campaign contributions. USA Today's Edward Iwata similarly left out Raines's
politics while saying the report gave "positive portrait of Fannie Mae's
board, clearing them of direct responsibility for the company's accounting
troubles." The Los Angeles Times ran a Reuters article that similarly did
not disclose that Raines served as director of the Office of Management and
Budget in the Clinton White House.
The Business & Media Institute previously documented how much the
media overlooked about Democratic connections to Fannie Mae. According to
that April 2005 report: "Former Chief Executive Officer Franklin Raines and
former Vice Chairman Jamie Gorelick were both instrumental figures in the
Clinton administration."
The Rudman report, which was commissioned by Fannie Mae, can be found
here.
--
CB
While the form of treachery varies slightly from case to case, liberals
always manage to take the position that most undermines American security.
Ann Coulter
CB
http://www.freemarketproject.org/news/2006/news20060224b.asp
http://www.freemarketproject.org/news/2006/news20060224b.asp
http://www.freemarketproject.org/news/2006/news20060224b.asp
"CB" <C...@PrayForMe.com> wrote in message
news:48c5b7b6$0$5549$9a6e...@unlimited.newshosting.com...
zzpat
> Media Ignore Democratic Ties to Fannie Mae Scandal
> Papers largely bypass Franklin Raines service in Clinton White House but
> focused on Enron ties to Bush.
> By Ken Shepherd
> Business & Media Institute
> Feb. 24, 2006
>
>
>
failures during or shortly after they left office. Both cut taxes for
the rich and both had massive deficits and debt. Both were once admired
but both were utterly incompetent. You can try to blame Democrats, but
the reality is the buck stops on the president's desk. Now, can you
answer this. Are republicans ever going to take responsibility? or do
they simply pass the buck?
RichTravsky
>
> Media Ignore Democratic Ties to Fannie Mae Scandal
> Papers largely bypass Franklin Raines service in Clinton White House but
> focused on Enron ties to Bush.
> By Ken Shepherd
> Business & Media Institute
> Feb. 24, 2006
>
> After Enron's collapse, the media frequently reminded the public of
> political ties top executives in the failed energy company had to the Bush
> administration. The same standard, however, wasn't applied to mortgage
> broker Fannie Mae (FNM), whose former CEO served in the Clinton White House
> and was speculated to be on presidential hopeful John Kerry's short list for
> Treasury secretary. The print media continued that double standard in
> covering a comprehensive new report on the scandal released February 23 by
> former Sen. Warren Rudman (R-N.H.).
>
> Of the nation's top five newspapers, only The New York Times mentioned
> Raines's Clinton connection. The Wall Street Journal didn't just ignore
That's it?
http://en.wikipedia.org/wiki/Franklin_Raines
In 1991 he became Fannie's Mae's Vice Chairman, a post he left in 1996 in order
to join the Clinton Administration as the Director of the U.S. Office of
Management and Budget, where he served until 1998. In 1999, he returned to
Fannie Mae as CEO
Ok, and? What's the connection?
CB
"RichTravsky" <traR...@hotmMOVEail.com> wrote in message
news:48CA8FC8...@hotmMOVEail.com...
He cooked the books as Clinton's Budget Director
CB
Clinton after he was fined for perjury
http://www.angelfire.com/md2/Ldotvets/images/grotesk.jpg
RichTravsky
Cite ->
CB
"RichTravsky" <traR...@hotmMOVEail.com> wrote in message
Just look what happened to Fanny Mae you idiot! He hid the losses!
RichTravsky
> "RichTravsky" <traR...@hotmMOVEail.com> wrote in message
> > CB wrote:
> >> "RichTravsky" <traR...@hotmMOVEail.com> wrote in message
AHem.
CITE ->