Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Report: Top Obama Transition Staffer(Donilon)Led "Backdoor" Lobbying Campaign For Fannie Mae
tpmmuckraker ^ | November 17, 2008 | By Zachary Roth

Posted on 10/08/2010 11:18:28 AM PDT by 11th_VA

Change we can believe in?

Last week, the Obama transition team announced that it had tapped veteran Beltway Democrat Thomas Donilon to help lead its review of operations at the State Department. As multiple news outlets quickly pointed out, until 2005 Donilon helped oversee the aggressive lobbying operation of troubled mortgage giant Fannie Mae.

Now, ABCNews.com has fleshed out the picture a bit, reporting that Donilon oversaw what it describes as a "backdoor lobbying campaign ... to undermine the credibility of a probe into the firm's accounting irregularities."

The details, which center on a campaign to discredit an agency charged with overseeing the company:

The effort -- which reportedly included attacks on the funding for the oversight agency, the Office of Federal Housing Enterprise Oversight, and an attempt to launch a separate investigation into OFHEO itself -- was ultimately unsuccessful, and regulators eventually discovered top Fannie Mae executives had been manipulating the company's financial reporting to maximize their bonuses.

Donilon was not found to be involved in the financial manipulations, but he did help give Fannie's board the misimpression that the company was in good financial health, according to the OFHEO investigation.

Donilon did not comment to ABCNews.com.


TOPICS: Crime/Corruption; Front Page News; Government; News/Current Events
KEYWORDS: donilon; jamesjones; jimmycarter; thomasdonilon
"Donilon was not found to be involved in the financial manipulations, but he did help give Fannie's board the misimpression that the company was in good financial health, according to the OFHEO investigation.

Sounds like he'll fit right in ...

1 posted on 10/08/2010 11:18:30 AM PDT by 11th_VA
[ Post Reply | Private Reply | View Replies]

To: 11th_VA

IIRC, as a junior senator, Hussein was one of the top 3 (or less) politicians getting $$$$ kickbacks from Fanny and Freddie.


2 posted on 10/08/2010 11:23:52 AM PDT by bgill (K Parliament- how could a young man born in Kenya who is not even a native American become the POTUS)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

Was he lobbying Barney Frank with his “backdoor” Fannie”.............


3 posted on 10/08/2010 11:26:48 AM PDT by Red Badger (No, Obama's not the Antichrist. But he does have him in his MY FAVES.............)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

Yes, he can continue to dole out patronage for the tyrant. Fit right in.


4 posted on 10/08/2010 11:29:55 AM PDT by WAW (Which enumerated power?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA
Now, ABCNews.com has fleshed out the picture a bit, reporting that Donilon oversaw what it describes as a "backdoor lobbying campaign ... to undermine the credibility of a probe into the firm's accounting irregularities."

Ah, so he IS qualified for Obama's administration. We don't need National Security, we simply need the appearance of National Security. Who better than Donilon for that? Look at how well he protected Fannie & Freddy from any Congressional action despite numerous attempts by the Republicans!

5 posted on 10/08/2010 11:30:45 AM PDT by NonValueAdded ("It's amazing, A man who has such large ears could be so tone deaf" Rush Limbaugh 9/8/10)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

Free enterprise awards greed and alacrity! And it should!

But for free enterprise to function the public must be FIERCE in demanding a culture of HONESTY.

In a more strict society, demanding honesty the charms of Mr. Donilon’s obviously well-marketed and productive skills would be matched by the seriousness of the charges levied upon him for Conspiracy to Defraud if not also Misprision of Felony, if not other criminal counts.


6 posted on 10/08/2010 11:35:22 AM PDT by bvw
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

Check this out. Tim Russert hit him on Lobbist and he lied like a cheap rug.

http://www.youtube.com/watch?v=bhYD8_L0nV8&feature=related


7 posted on 10/08/2010 11:40:49 AM PDT by Marty62 (marty60)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

White House corruption bump for later..........


8 posted on 10/08/2010 11:51:24 AM PDT by indthkr
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


9 posted on 10/08/2010 12:04:39 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

Hmmmm -

Barney Frank repeatedly denied Fannie Mae was is financial trouble. Perhaps Donilon was lobbying Barney through the backdoor?


10 posted on 10/08/2010 12:08:29 PM PDT by Gabrial (The Whitehouse Nightmare will continue as long as the Nightmare is in the Whitehouse)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

Picture here:
http://i.imgur.com/OM6nE.jpg


11 posted on 10/08/2010 12:38:23 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA
Now, ABCNews.com has fleshed out the picture a bit, reporting that Donilon oversaw what it describes as a "backdoor lobbying campaign ... to undermine the credibility of a probe into the firm's accounting irregularities."

so the Obamanation puts at the heart of our national security bureaucracy a vicious political hack whose most notable "accomplishment" has been to make millions of dollars running a dishonest lobbying scheme to protect the 'Rats at Fanniemae....

oh yes, this admin. knows how to keep lobbyists out of the WH and how to put real "expert" professionals in charge, yup
12 posted on 10/08/2010 1:15:33 PM PDT by Enchante ("The great enemy of clear language is insincerity." -- George Orwell --)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

Lies, lies, and more lies, from the master of lies...

http://www.youtube.com/watch?v=2SlBlvirqA0&NR=1


13 posted on 10/08/2010 2:02:25 PM PDT by Gabrial (The Whitehouse Nightmare will continue as long as the Nightmare is in the Whitehouse)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

This is the guy going to replace Jim Jones???


14 posted on 10/08/2010 7:41:34 PM PDT by Mr. Peabody
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson