Where is the Fannie Mae and Freddie Mac "Perp Walk"? Not long ago there was enormous public outrage toward those responsible for the downfall of companies such as Enron, Tyco and Adelphia. Those at the top of these firms swindled tens of millions of dollars from their shareholders, while the companies were simultaneously driven into the ground. The public demanded the figureheads of such corporate greed, Kenneth Lay and Dennis Kozlowski, be made to execute the humiliating public "Perp Walk" while being led to jail.

In the case of Enron and Tyco, the shareholders and employees felt the majority of pain for their spectacular failures. The Fannie May and Freddie Mac buyouts may cost taxpayers billions. Why isn't the public demanding Franklin Raines — who headed up Fannie Mae and pocketed over $90 million — be hauled off to jail? Where is the public's outrage for such "corporate greed" now? Why isn't Raines — as well as all the government officials who forced the banks to make these bad loans — be made to do the perp walk?
Ken Robinson
Elberon section
of Long Branch