wiseone Location: MI
Reply # 228
Date: Sep 16, 2008 - 1:00 PM EST
For Melfy
Not only did Obama receive more campaign money from Fannie Mae than anyone besides Chris Dodd, but two former Fannie Mae CEO's are on his campaign team.

Former Fannie Mae CEO Jim Johnson was on the 'committee' that vetted potential VP choices.

On June 8 the WSJ reported that Johnson got a sweetheart mortgage at a rate below prime while running Fannie Mae.

So we have a typical inside dealer vetting VP's for the candidate who claims to be the agent of change.

Even worse, former Fannie Mae CEO Franklin Raines is one of Obama's top economic advisers. Raines was a former Clinton Administration appointee who became CEO of Fannie Mae in 1999. During the next 6 years Raines arranged to pay himself in excess of $100 million. During this time Clinton Deputy Attorney General Jamie Gorelick, who wrote the memo that protected the 9/11 hijackers from discovery, was paid $75 million by Fannie Mae as a major stockholder.

Raines was forced to resign from Fannie Mae in 2005 when the scandals surrounding him began to collapse and he couldn't count on a Republican President (Bush) to protect him.

So the candidate of "change" has the scandal-ridden incompetent who drove Fannie Mae into the ground as one of his top economic advisers.