Former Clinton and Obama budget adviser Franklin Raines owns a key
carbon-emissions patent he developed as CEO of the government-sponsored mortgage giant Fannie Mae, positioning him and his partners to make millions of dollars if
it is used in any carbon-capping scheme implemented by the Obama administration.
Raines and his associates led Fannie Mae and Congress to believe Fannie Mae owned the patent,
despite public records to the contrary.
Raines and his partners carried out their plan by quietly filing
for and receiving a second nearly identical carbon-emissions patent that
superseded the first patent, according to government records. The
second patent was never assigned to Fannie Mae or any other party.
reported, an Enron-like accounting
scandal enabled Raines to earn $90 million in his five years as Fannie
Mae CEO, from 1999 to 2004. Read More>>>>>>>>