Obama Advisor Pledged $1 Trillion in Sub-Prime Loans As Fannie Mae CEO

Discussion in 'Politics' started by carpro, Sep 30, 2008.

  1. carpro

    carpro
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    http://www.cnsnews.com/public/content/article.aspx?RsrcID=36563

    Obama Advisor Pledged $1 Trillion in Sub-Prime Loans As Fannie Mae CEO

    Monday, September 29, 2008
    By Matt Cover, CNSNews.com correspondent


    Democratic presidential candidate Sen. Barack Obama D-Ill., points as he gets in his car at the airport in Reno, Nev., Monday, Sept. 29, 2008.(AP Photo/Alex Brandon)(CNSNews.com) - James A. Johnson--the man chosen by Sen. Barack Obama to lead his vice presidential search committee---served as head of the Federal National Mortgage Association, or “Fannie Mae,” from 1991 to 1998, receiving a reported $21 million in compensation upon his departure.

    As CEO of Fannie Mae, Johnson set a goal of buying up $1 trillion in low-income mortgage loans, a move that eventually helped trigger what would become the sub-prime mortgage crisis.
     
  2. Bro. Curtis

    Bro. Curtis
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    Well, he can join Harold Raines, and several other democrat leaders who've fleeced us for millions and the "most ethical congress in history" will be afraid to touch.
     
  3. carpro

    carpro
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    It's amazing how many of the crooks that caused this mess are on the Obama team.


    The corrupt old media remains silent.
     
  4. Revmitchell

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    Thats right.:thumbs:
     
  5. Bro. Curtis

    Bro. Curtis
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    Just found out James A. Johnson is black. We'll be called racists when the libbies wake up.
     
  6. JustChristian

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    The great majority of subprime loans were originated during the Bush administration. I posted that fact supported by evidence earlier. It wasn't during 1991-1998. This is just another smear attempt. Unsucessful.
     
  7. Bro. Curtis

    Bro. Curtis
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    :laugh:

    This coming from the guy who refused to address any of Bush's 17 attempts to reform it.

    Should I post up the link again, maybe this time you can remain O/T ?
     

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