.Rebirth of 1990's official fortune   Volume 3  Storm and Clouds  Chapter 128  Fan Li Mei, who looks beautiful  Part  

Chapter 128

"Chen's President", "Don's Medici", "The Face of Washington National Company", and "One of the Most Powerful People in the United States" and "Jim Johnson" slowly walked out of his office. As the president of Fanniemae's mortgage financing company (fanniemae), one of the largest and most profitable companies in the world. Its ticket market value exceeds $70 billion and its employee income exceeds any company in the United States. In comparison, General Motors' market value was only $56 billion at its peak in 000.

"Did you see that's M Johnson!"

"Oh my God Jim Johnson!"

The exclamations from the corridor did not disturb Jim Johnson's good mood at all. He walked out of the office building leisurely wearing a white tie and a black tie. On a level, Johnson, 65, is a wealthy businessman. He has multi-million-dollar houses in Ida, the Golden Segment of Washington, and the deserts of California. He is also the chairman of the Kennedy Center, the leading art venue in Washington, and the Brookings Institution.

Johnson represents a political force. Because the company he is in charge of another public envoy - Congress authorized the private property that helps American families obtain. Johnson likes to use General Motors' advertising slogan: "It is beneficial to the American public to own houses. It is beneficial to Fannie Mai." Therefore, he turned the construction of Fannie Mai into "the largest and most complex parliamentary lobbying action in modern financial history." Former Federal Rep. Jim Rich said this. This Republican from IWC once opposed Fannie Mai's existence.

Many Washington and political elites have tangled connections with Fannie Mai. Ram Emanuel serves on the board of directors of Fangmei. Right-wing godfather Grover Norquist (a conservative activist. He founded the Chinese Tax Reform Association and served as chairman during the Reagan administration) lobbied for Fannie Mai. Newt Gingridge (former speaker of the House of Representatives) and Ralph Reed (former director of the American Christian League and a competitive adviser to Fannie Mai).

It can be said that Fannie is a projection of American political power!

～～～～～-～～-～～-～～-～～-～～-～～-～～-～～～～-～～-～～-～～-～～～～～～-～～～～～-～～-～～-～～-～～-～～-～～-～～-～～-～～～～-～～-～～-～～-～～-～～～～～～-～～～～～～-～～-～～～-～～-～～-～～-～～-～～-～～-～～-～～-～～～-～～～～～～-～～～-～～-～～-～～-～～-～～-～～-～～-～～-～～～-～～-～～-～～-

Hansson graduated from Princeton. His father was a Minnesota congressman. He had silver hair and a round glasses made the edges look much softer. "In fact, he is very enthusiastic and kind" but also "very tough". The former Fannie Mai supervisor described him like this.

In 1996, a Communist lawmaker revealed that some of Fannie Mai's problems were downplayed in the foreword of a Treasury report. Rumors said this happened after Johnson or another Fannie Mai executive called the then Treasury Secretary Rubin or US President Clinton. The two had a close relationship with Johnson. Johnson and President Linton met at Martha's Vineyard in 1969. Johnson denied this.

However, in the Johnson era, Lemmy never lost. "We always win, we rarely face organized political opponents." Denlmad, the president of Fannie Mae, later described Fannie Mae's golden age in this way.

On December 15, 1998, John held his retirement dinner at the National Museum of Women Artists. This was an alternative - according to the Washington Post. The grand ceremony was originally decided to be held in the Benjamin Frank Hall of the U.S. State Department. Treasury Secretary Rubin gave a speech at the dinner. Bill Daly, a member of Fannie Mail's board of directors, also came to the podium. Daly is the brother of Chicago's current mayor.

～～～-～～-～～-～～-～～-～～-～～-～～-～～-～～-～～-～～-～～-～～～-～～-～～-～～-～～-～～～-～～-～～-～～-～～-～～-～～-～～-～～-～～-～～-～～～～-～～-～～-～～-～～-～～-～～-～～-～～-～～～-～～-～～-～～-

～～-～～-～～-～～-～～-～～-～～-～～-～～～～-～～-～～-～～-～～-～～-～～-～～-～～-～～-

In 1999, Johnson became the first external director of Goldman Sachs, the investment bank. Rubin was the former president of the company. Hank Paulson, the Treasury Secretary of the George W. Bush Jr., served as Goldman Sachs president. Johnson later became the head of the salary committee. This made him the closest person to Paulson.

News reports said Johnson's annual salary for the last year was about $700. But Fannie Mae's internal report (which included high stock prices) showed that the actual figure was received at $21 million. He also received a special subsidy of nearly $500,000: a contract to serve as a consultant, two assistants who paid wages by Fannie Mae, a car, and a portion of the salary paid to a driver.

Franklin Delano Reins was appointed Johnson's successor. This was the first time that an African-American man was president in the Finance Company. Reins was born in 1949 in a blue-collar family in Seattle. His mother was a Boeing cleaner and his father was a custodian of the Seattle Parks Administration.

Reins later joined Harvard University and became a graduate student who received a Roche scholarship. He was a White House intern during the Nisson era and worked in the Carter administration. After leaving the government department, he became a partner of the investment bank Lazaddie Company.

After working for 11 years without a specific plan, he chose to leave so that he could spend more time to give his three children. In 1991, he accepted Johnson's invitation to serve as Fannie Mae's vice president. His office was only one year away from his 7-bedroom home in Virginia. President Clinton invited him to serve as the head of the administration and budget office. Two years later, he finally balanced the budget for the government. This was the first time in 30 years. However, his time in the Budget Office had sinned many Democrats - he seemed to support the Republican fiscal policy more. In 1998, he went to Fannie Mae.

Reins, who took over the position of president from Johnson, promised Wall Street investors at a company meeting that he would double the company's profit per share in 5. Such promises created an unhealthy pressure within the entire company. The owner of the Fannie Aesthetics Office required the auditors in the company to always keep in mind the double goal in mind. They should remember what they were sleeping soundly and memorize it.

On the outside, criticism became fierce again. Clinton's Treasury Secretary Summers' goal was to weaken the relationship between Fannie Mae and the U.S. government. It was this relationship that made the government guarantee the company take too much risk investment. The response from Fannie Mae was irresponsible. The relationship between the two sides became tense.

In fact, for decades, there have been strong opponents around Fannie Mai. These enemies have gone from David Stock in the Reagan-era Budget Office to Clinton’s Treasury Secretary Summers to former President Bush from independent Ralph Nard to former Federal Reserve Chairman Greenspan. These enemies hated Fannie Mai’s privileges from Congress and had long wanted to significantly reduce its privileges—or completely kill it.
Chapter completed!