Via Ed Morrissey at Hot Air:
[YouTube link.]
To summarize the fates of the executives in the Enron, Tyco, and Worldcom scandals:
- Bernard Ebbers, Worldcom: 25 years in prison
- Ken Lay, Enron: Convicted on 10 counts, died before serving sentence
- Jeff Skilling, Enron: 24 years in prison
- Andrew Fastow, Enron: 10 years in prison
- Dennis Koslowski, Tyco: 8 years in prison
- Mark Schwartz, Tyco: 8 years in prison
What’s happening to the two executives at the heart of the Fannie Mae and Freddie Mac scandels, necessitating a $700 Billion bailout?
Franklin Raines never faced criminal charges, and instead settled a civil suit with a $2 million payoff — which came from Fannie Mae’s insurance company. Jim Johnson didn’t even have to do that much. And where are they now? The Washington Post reported twice that Raines was advising the Barack Obama campaign, although they denied it. Jim Johnson still advises the Obama campaign and had briefly led the search for a running mate.
While I can’t be certain, I think a tiny part of the apparent discrepency might possibly maybe sort of slightly just a bit might have something to do with the fact that Fannie and Freddy were, and are, creatures of the government doing the socialist biddings of the Democrats in Congress.
Truth to tell, if Raines and Johnson were called to count, a number of Congresscritters would be frog-marched oout of the Capital; can’t be havin’ none o’ that, eh?