Friday, September 19, 2008

Obama's Advisor on Mortgage and Housing Policy Matters
If you vote for Obama, here's who will be advising him on mortgage and housing policy. Franklin Raines, the Clinton Administration crook who looted Fannie Mae to the tune of $90 million and presided over disastrous policies that caused bubbles in the housing market and massive mortgage loan defaults. Here's what the WaPo had to say about him back in July:

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.

Yet another reason not to vote for Obama.

Hat tip to Little Green Footballs.

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