Wednesday, June 11, 2008

Barack Obama's Choice of James A. Johnson on the VP committee causes problems

Last month, Sen. Barack Obama turned to James A. Johnson, a former Fannie Mae chief executive and Washington insider since the Carter administration, to lead the vetting of potential running mates for the Democratic Party's presumptive presidential nominee.
But four years earlier, as Johnson was angling for a job if Sen. John F. Kerry (D-Mass.) was elected president, Fannie Mae did some vetting of its own. Company executives had grown so worried about the lucrative consulting deal they had cut with their former CEO that they considered enlisting an outside investigator to comb through the deal "in light of issues that could come up during Senate confirmation . . . or White House review of the consulting contract," according to company documents unearthed by federal regulators.

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