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Wednesday, June 23. 2010

Scam artist

Guess who holds patent for carbon-trading plan- Disgraced Fannie Mae CEO set to cash in for millions:


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, a WND investigation has found.

 



Posted by Bird Dog in Hot News & Misc. Short Subjects at 13:36 | Comments (2) | Trackbacks (0)

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Though Judge Feldman can be vilified by the left of the spectrum for owning oil stock, of course.
#1 JJM on 2010-06-23 15:25 (Reply)
I don't know about what employment contract Franklin Raines signed with Fannie Mae, but corporate researchers, as a condition of employment, assign whatever patents they come up with to the company that employs them at the time of the patent.
#2 Gringo on 2010-06-23 21:34 (Reply)

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