All Posts Tagged With: "Self dealer"

Barack Obama is again wrapped around the axle about poor judgment and hypocrisy over a personal involvement. This time it is Jim Johnson who received over $7 million in controversial loans from failed Countrywide Financial. Johnson is a Democrat operative and consummate Washington DC insider who is helping Obama pick a VP, and has been a volunteer fund raiser for Obama. Obama is scampering to distance himself from Johnson saying he can’t be expected to “vet the vetters”, and issued yet another bizarre rationalization for another smegma smudged surrogate.

Johnson was the campaign manager for Walter Mondale’s failed 1984 presidential bid and chaired the vice presidential selection process for the presidential campaign of John Kerry. Johnson is a well-known Washington DC power broker with connection to: Dayton-Hudson Corporation (now Target Corp.) He VP Mondale’s executive assistant in the Carter Administration and then founded and headed Public Strategies, a private consulting firm, from 1981 to 1985 before leaving for Lehman Brothers. He was chairman and chief executive officer of the Federal National Mortgage Association (Fannie Mae), he is a vice chairman of the private banking firm Perseus LLC, a position he has held since 2001. He is also a board member at Goldman Sachs, Gannett Company, Inc., a media holding group, KB Home, a home construction firm, Target Corporation, Temple-Inland, and UnitedHealth Group. His loans and very close relationship with Countrywide are being highly criticized as it has collapsed and was bargain sold to Bank of America.

Obama has consistently claimed he’d absolutely avoid lobbyists and insider Washington DC dealers. Doesn’t look like it.