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Making It Raines

  As if there was any question about it, the chickens are coming home to roost.  In this case,  may be for Franklin Raines, current economic advisor for Barack Obama and former head of Fannie Mae.  It has been brought to my attention that Mr Raines is being sued in a class action brought by Fannie Mae shareholders in US District Court in Washington DC.  The case appears to still be in the early stages as court documents are being sent to possible members asking if they will join in.  What is not in the early stages is the financial tomfoolery brought to Fannie under Raines.  The recent governmental bailout of Fannie has ruffled more than a few feathers.  Especially those who lost their shirts as Fannie has fallen from nearly $70 a share in October to nearly nothing today.  However, one who is not upset is Obama himself.  While he decries the lobbyists in McCain's team, he finds himself surrounded by felons and thieves and seems to be quite okay with it.  It is amazing how the man who is going to "cure" the economy has the man who has helped to kill the economy to help him . The moral of the story is if you are going to fix Wall St. and get rid of the corruption, shouldn't you quit sleeping with the enemy.  I can find about  50 million reasons to be suspect of Mr. Raines, and so should you.
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