7/16/08: "In the four years since he stepped down as Fannie Mae’s chief executive under the shadow of a $6.3 billion accounting scandal, Franklin D. Raines has been quietly constructing a new life for himself. He has shaved eight points off his golf handicap, taken a corner office in Steve Case’s D.C. conglomeration of finance, entertainment and health-care companies and more recently, taken calls from Barack Obama’s presidential campaign seeking his advice on mortgage and housing policy matters."
8/28/08: "In the current crisis, their biggest backers have been Democrats such as Senate Banking Committee Chairman Christopher J. Dodd (Conn.) and House Financial Services Committee Chairman Barney Frank (Mass.). Two members of Mr. Obama’s political circle, James A. Johnson and Franklin D. Raines, are former chief executives of Fannie Mae."
Thanks to Hot Air for pointing this out.Another problem for Obama is there is video of the former CEO of Fannie Mae calling Obama and Democrats family:
Also Obama received $126, 349 in contributions from Fannie Mae. SOURCEOn another note Penny Pritzker who helped run Superior Bank into the ground is Obamas campaign-finance chairwoman. SOURCEMore on this at World Net Daily