James Johnson: excerpt from NewsMax.
First, there is Jim Johnson, former Fannie Mae CEO turned adviser to the Obama campaign. According to the Office of Federal Housing Enterprise Oversight's May 2006 report on mismanagement and corruption inside Fannie Mae, Johnson obtained millions of dollars of hidden income from the corporation.
In fact, investigators found that Fannie Mae had hidden a substantial amount of Johnson's 1998 compensation from the public, reporting that it was between $6 million and $7 million, when it fact it was $21 million.
“[Fannie Mae] failed to disclose to OFHEO in a timely manner a post-employment agreement with former CEO James Johnson that provided him with substantial compensation in addition to that already provided upon his termination as a Fannie Mae employee,” noted the report.
check out Fannie Mae CEO James Johnson on Wiki.
On May 22, 2008, Democratic Party officials confidentially divulged that Obama had asked Johnson “to lead the process” for selecting Obama’s running mate.[1] On June 4, 2008, Obama announced the formation of a three person committee to vet vice presidential candidates, including Johnson.[2] However, Johnson soon became a source of controversy when it was reported that he had received loans directly from Angelo Mozilo, the CEO of Countrywide Financial, a company implicated in the U.S. subprime mortgage lending crisis.[3] Although he was not accused of any wrongdoing and was initially defended by Obama on the grounds that he was simply an unpaid volunteer, Johnson announced he would step down from the vice-presidential vetting position on June 11, 2008 in order to avoid being a distraction to Obama’s campaign.
HOW IN THE WORLD WAS THE MAN WHO IS TO “LEAD THE PROCESS” TO FIND A VP JUST AN UNPAIED VOLUNTEER!?????
Obama was returning a big faor, to the tune of 126,000$ in political contributions over 4 years. He is second only to the BANKING COMITTEE’S Chairman, Chris Dodd (D). Yea.... THIS STINKS!!!!!!!!!!!!!!!!