Published September 25, 2008
This one gets filed under throwing rocks from glass houses.
Jim Johnson, a prominent Democrat and former Fannie Mae CEO, is evidently back working on the Obama campaign after he was very publicly dumped a few weeks ago.
Johnson, who was paid millions while he ran Fannie Mae into bailout mode, is reported by Politico's Ben Smith to be working with Obama insider Tom Daschle on a special meeting of former Hillary supporters next month.
Smith's political blog reports Daschle sent out an e-mail Wednesday afternoon to a select list of D.C. Hillary supporters, including John Kerry, James Carville and Richard Holbrooke, inviting them to be updated on the Obama campaign in a special breakfast huddle.
Daschle's note says: "Jim Johnson and I have scheduled another informal breakfast discussion and update on the campaign early next month."
Johnson has been named in press reports lately as one of three prominent Democrats who ran Fannie Mae and made millions in bonuses during Fannie's drunken sailor mortgage binge, when it bought billions in bad mortgages which led to today's economic meltdown.
Johnson was forced to step aside from Obama when it was revealed he had helped himself to a sweetheart insider personal mortgage from Countrywide CEO Anthony Mozilo.
So who else? Well, former Fannie Mae CEO Franklin Raines, another million-dollar bonus baby, was advising Obama on housing issues.
The Obama campaign — and Democrats in general — are up to their eyeballs in the Fannie and Freddie meltdown.
Meanwhile the Obama campaign is attacking McCain campaign manager Rick Davis for once doing lobbying work for Fannie Mae and Freddie Mac.
So why is Jim Johnson still working for the Obama campaign while it is throwing rocks at McCain? Should Obama move out of that glass house?
Why am I reporting this? Because the mainstream media won't.
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