"Fannie Fallout: Who Gets Hurt?

Stockholders may be upset with a $14-billion decline in the value of Fannie Mae's stock, but what may end up being more interesting is the rise and fall of careers amid allegations that the company cooked its books to justify big executive bonuses.

Three of those who profited from the bonuses are Franklin Raines, Jim Johnson, and Jamie Gorelick; all three looked to be important Cabinet members should John Kerry be elected president. Gorelick has since left Fannie Mae and joined the law firm Wilmer Cutler Pickering Hale and Dorr, which is the main law firm representing Fannie Mae."


{Jamie Gorelick was Janet Reno's #2 man (actually, she's a woman) in the Justice Department under Clinton, and she was the head of Fannie May from 1998-2003}