Guess Who Is Selling This Home?
By Uppity Woman on October 12, 2008 at 7:10 PM in Barack Obama, Housing & Housing Crisis

Come on. Guess.
Whomever owns this home is doing pretty well, wouldn’t you say?
I mean, whomever owns this home isn’t exactly suffering the slings and arrows of outrageous fortune in the face of this wall street disaster–like seniors are with their IRAs in the gutter, or middle class people who have watched their life savings land in the crapper.
No sir. The owner of this house is All Set. But he doesn’t live here. No sir. He’s selling it.
The guy who owns this For-Sale pad is named Raines. Franklin Raines. He’s doing reallllllly well! He is the former CEO of Fannie Mae for enough years to commit fraud, put Fannie in the red and rob your “Bailout” pockets in the end.
Mr. Raines is the guy who cooked Fannie Mae’s books so he could lie through his thieving teeth and make things look just great at Fannie’s place. Then he patted himself on his lying thieving back and gave his treasonous self $90 Million in salaries and bonuses for his good work, all the time gaming the free market besides.
That’s $90,000,000. Dollars. I wanted you to see the zeros.
In the meantime, members of the Democratic Party I no longer care to belong to helped the ongoing coverup by thwarting all efforts to recognize Mr. Raine’s handiwork or regulate the dying Fannie Mae trough–thus guaranteeing the future train wreck we are feeling today. But Mr. Raines isn’t feeling a thing. Mr. Raines got off the tracks before the train arrived. He took our his $90 mil with him too.
I thought you might like to see the information on Mr. Raines’ For-Sale Home:
The former Fannie Mae head’s Forest Hills home went on the market two weeks ago. Called Beechwoods, the 98-year-old stucco Colonial sits on more than an acre and has views of nearby Soapstone Valley National Park. Highlights include a family room with cathedral ceiling, a library, a movie theater, a recreation room, and an exercise room. The remodeled kitchen has granite countertops, a skylight, a SubZero refrigerator/freezer, and double Wolf ovens. Outside is a pool, a cabana, a shared tennis court, and a four-car garage.
Care to see a slide show of this home? Lying, cooking books and filling your own coffers while bringing an entire Industry and Wall Street down pays off really well doesn’t it? (Note, the slide show link is verrrrrrrrry busy. There are lots of folks looking at the slide show of the House that Fannie Mae bought).
Well, where is Mr. Raines going to live then? You might say, maybe Mr. Raines has fallen on hard times with his $90,000,000.
Nope. While the home pictured above is for sale, Mr. Raines bought another place.
He bought a 3 bedroom, 7 bath penthouse condominium located in the posh West End’s Ritz-Carlton area. He paid $4.9 million of your dollars for it in the end–because you bailed his smarmy trickster book-cooking, self-rewarding deal out, and the joke is on you, sucker. And you are paying for the residual effects of this creep’s trickery besides. It’s called Wall Street! You don’t mind, do you? I didn’t think so.
Mr. Raines’ new home has a rooftop terrace complete with a hot tub, a butler’s pantry and three parking spaces.
Ritz-Carlton Residences, for those unfamiliar with them, are the residential equivalent of the luxury spa where AIG sales champions frolicked for a few days. The lucky owners of condos in these RCR developments have access to room service and other services of a Ritz-Carlton Hotel. Buying a condo like Raines’ is kind of like living permanently in the well-coddled circumstances of a high roller suite at a high end Vegas casino, while having the permanence and customization of home ownership, along, of course, with the tax benefits.
Say, would you like to see some Ritz-Carlton residences? Here you go!!
Mr. Raines, I know I speak for my readers when I say that we wish you everything you deserve in life.
For those of you who didn’t click on the video link above, here it is for your viewing pleasure:

















