Big O. goes for the experienced accountant

An FDR baby, no less:

Franklin Delano Raines, the former chairman of Fannie Mae, repeatedly moved through a revolving door of high-power political positions in Washington and the financial industry until he was forced to resign amid an accounting scandal.

But there was life after Fannie, Wash Post reported last July:

[T]he post-scandal Raines “has been quietly constructing a new life for himself” and had recently “taken calls from Barack Obama’s presidential campaign seeking his advice on mortgage and housing policy matters.”

On what not to do?

2 thoughts on “Big O. goes for the experienced accountant

  1. If Obama gets elected, watch how fast this country, as we’ve been fortunate to know it, disappears and we lose our retirement savings (the last cash cow left to raid by these jackals).

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  2. Jim, this turned into a delicious media scandal that Accuracy in Media uncovered. It seems that a political officer at the Washington Post (job title: “fact checker”; oh, the irony!) realized that the story you discussed made Dunham/Soetoro/Obama look bad, and went back and unreported it.

    The Fact Checker’s Tale

    http://www.aim.org/aim-column/lying-by-media-knows-no-bounds/

    The last time I saw something like this, it was in September 2005, when the brass at the New Orleans Times-Picayune realized that their stories on the post-Katrina anarchy depicted black people behaving badly, and unreported all of the violence, saying that the reports had amounted to nothing but uncorroborated “rumors.”

    Note that, rather than being vilified, the Times-Pic was awarded not one, but two Pulitzers for its cover-up.

    http://nicholasstixuncensored.blogspot.com/2006/09/seven-at-new-orleans-times-picayune.html

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