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Obama choice helped Fannie block oversight - National security adviser tied to discrediting of probe
Washington Times ^ | October 13, 2010 | Jim McElhatton

Posted on 10/14/2010 2:02:42 PM PDT by neverdem

Years before Fannie Mae foundered amid a massive accounting scandal, President Obama's choice for national security adviser oversaw an office inside the mortgage giant that orchestrated a negative publicity blitz to fight attempts by Congress to increase government oversight, records show.

Thomas E. Donilon, who won the job as national security adviser this month, worked as a registered lobbyist for Fannie Mae from 1999 to 2005 at a time the company's officials insisted finances were sound. He also earned more than $1.8 million in bonuses before the government took over the troubled company in the wake of an accounting scandal.

Vice President Joseph R. Biden Jr. and Mr. Obama, who railed against lobbyists on the campaign trail, hailed Mr. Donilon's appointment last week, but made no mention of his time as a registered lobbyist.

Mr. Donilon's work came under scrutiny in a 2006 report by the Office of Federal Housing Enterprise Oversight (OFHEO), which found that Fannie Mae lobbyists - working in an office overseen by Mr. Donilon - parlayed their ties to members of Congress to try to discredit federal regulators looking into the finances of the company.

"Thus, Fannie Mae succeeded in creating a large volume of negative publicity about the OFHEO examination report, in an effort to distract attention from its multibillion-dollar accounting errors," the OFHEO report concluded.

In addition, the report noted that the publicity campaign, which included leaking nonpublic information, was conceived and executed by Fannie Mae's government and industry relations department, but was still "well known" to Mr. Donilon and other senior executives.

Mr. Donilon was never accused of being complicit in accounting irregularities that prompted federal regulators to seek more than $100 million paid out to Fannie Mae's former chairman and chief executive, Franklin D. Raines, along with two other executives.

Still, Mr...

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy; Crime/Corruption; Editorial; Front Page News; Politics/Elections
KEYWORDS: donilon; thomasdonilon; thomasedonilon; tomdonilon
Another hack!
1 posted on 10/14/2010 2:02:46 PM PDT by neverdem
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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/


2 posted on 10/14/2010 2:07:11 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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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/


3 posted on 10/14/2010 2:07:45 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: neverdem

How else should the tyrant choose and reward his minions?


4 posted on 10/14/2010 2:08:28 PM PDT by WAW (Which enumerated power?)
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To: neverdem

These people make more tainted money than The Mafia. Not figuratively. Literally.


5 posted on 10/14/2010 2:11:25 PM PDT by Inwoodian
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To: neverdem

These people make more tainted money than The Mafia. Not figuratively. Literally.


6 posted on 10/14/2010 2:11:38 PM PDT by Inwoodian
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To: Inwoodian

The swamp not only isn’t drained-—it is more populated than ever before, since the NObama administration got into town.

Time for bounty amounts on swamp creatures?


7 posted on 10/14/2010 2:18:27 PM PDT by ridesthemiles
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To: Nachum

Exposure, exposure, RATs fear exposure more than anything; keep shining the light on their corruption and let the games begin!


8 posted on 10/14/2010 2:36:09 PM PDT by ExTexasRedhead (Take back our country on November 2, 2010. Let's Roll!!!)
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To: neverdem
“Thomas E. Donilon, who won the job as national security adviser this month, worked as a registered lobbyist for Fannie Mae from 1999 to 2005 at a time the company's officials insisted finances were sound.”

Lobbyist Thomas E. Donilon should be in prison, and may well be in the future.

9 posted on 10/14/2010 4:23:25 PM PDT by Gabrial (The Whitehouse Nightmare will continue as long as the Nightmare is in the Whitehouse)
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To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; Convert from ECUSA; dervish; ...
This is more about Donilon. Thanks neverdem. Sidebars:
10 posted on 10/14/2010 6:16:48 PM PDT by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: neverdem

This guy is arguably an even more outrageous choice than Eric Holder. Holder, an attorney, is at least qualified to be appointed as an attorney. Donilon, a proven hack and thoroughly corrupt bureaucrat, has not the slightest suggestion of experience that would suggest he’s qualified for this position. Dreadful.


11 posted on 10/14/2010 6:17:22 PM PDT by Attention Surplus Disorder ("No longer can we make no mistake for too long". Barack d****it 0bama, 2009, 2010, 2011.)
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To: neverdem

bump


12 posted on 10/14/2010 6:22:48 PM PDT by WashingtonSource
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To: neverdem
Yep, bought and paid for.
13 posted on 10/14/2010 8:36:21 PM PDT by dr_who
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To: SunkenCiv
I feel more like a third world citizen every day.
14 posted on 10/14/2010 9:20:58 PM PDT by justrepublican (Screaming like a "Vexatious requester" at a Wellstone memorial...........)
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To: dr_who

Thamks for the link.


15 posted on 10/14/2010 9:39:14 PM PDT by neverdem (Xin loi minh oi)
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To: justrepublican

It figures that Obamacare’s goal is to replace first aid with third aid.


16 posted on 10/15/2010 8:48:07 PM PDT by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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