1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

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

Discussion in 'Political Debate & Discussion' started by carpro, Sep 30, 2008.

  1. carpro

    carpro Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    21,787
    Ratings:
    +1,287
    Faith:
    Baptist
    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 <img src =/curtis.gif>

    Joined:
    Oct 25, 2001
    Messages:
    20,297
    Ratings:
    +35
    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 Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    21,787
    Ratings:
    +1,287
    Faith:
    Baptist
    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

    Revmitchell Well-Known Member

    Joined:
    Feb 18, 2006
    Messages:
    39,139
    Ratings:
    +2,364
    Faith:
    Baptist
    Thats right.:thumbs:
     
  5. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>

    Joined:
    Oct 25, 2001
    Messages:
    20,297
    Ratings:
    +35
    Just found out James A. Johnson is black. We'll be called racists when the libbies wake up.
     
  6. JustChristian

    JustChristian New Member

    Joined:
    Jun 12, 2007
    Messages:
    3,833
    Ratings:
    +0
    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 <img src =/curtis.gif>

    Joined:
    Oct 25, 2001
    Messages:
    20,297
    Ratings:
    +35
    :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 ?
     
Loading...