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.You'll want to read the whole article to learn about one of the most dangerous individuals to ever walk the streets of America.
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.
Tuesday, September 30, 2008
Obama Advisor Pledged $1 Trillion in Sub-Prime Loans As Fannie Mae CEO
CNS reports: