Franklin Raines was Clinton’s former UMB Director, is a former CEO of Fannie May, was paid a total of $90 MILLION for his tenure at Fannie May, who was forced to resign due to a $6.3 billion accounting debacle he oversaw in 2004, and James Johnson former Vice-Chair of Fannie Mae and Managing Director of Lehman Brothers….. Raines and Johnson are the current economic advisors for Barack Obama. Raines was in charge when most of these high risk, sub prime rate loans were being given away; the primary catalyst to Fannie Mae’s collapse.
Yup it’s true. Details HERE and pay attention to the OFHEO report & summary.
Congress knew – Republicans tried to reform it twice and were stopped.
UPDATE: LOL – Obama Campaign Denies These Guys Worked On or Advised the Campaign…
This is hilarious, everyone knows these guys have been with Obama for months, the press has reported it for months. An Obama Campaign spokeman just said on The Fox Report with Shep Smith that these guys “don’t exist”. Is the elite media so in the tank that they won’t blast Obama for this obvious whopper?? We will see.