Former Fannie Mae CEO and Financial advisor to Presidential wannabe Barack Obama has thrown himself under the bus, thus joining the ever growing number of people who have proven themselves to be political liabilities to Obama in his attempt to seize power.
From The Politico:
The campaign puts out a statement from former Fannie Mae chief Franklin Raines, disowning ties to Obama, after a McCain ad attacked him for the ties.
The Washington Post reported — with the kind of blind sourcing that suggests the source was Raines — that Raines had “taken calls from Barack Obama’s presidential campaign seeking his advice on mortgage and housing policy matters.”
Raines said in the statement through the campaign, “I am not an advisor to Barack Obama, nor have I provided his campaign with advice on housing or economic matters.”
From the Washington Post:
“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.” Washinton Post, 16 July.
I’m sure it’s just a case of the Obama bumping into Raines at Trader Joe’s while picking up some arugula and spanish ham…….Yeah, right!
Sorry Comrade Obama, but Raines was in fact on your list of economic advisors, and Freddie Mac did donate $165,000 to your campaign over the last four years.