Franklin
Raines - Obama's Campaign Economic Adviser
Born
in 1949, Franklin Delano Raines (FDR - we're not joking) served as Bill Clinton's
White House Budget Director. Raines was former chairman of Fannie Mae and drove
the institution into the virtual ground after taking $90 million from it and departing
while the investigation into irregularities was just underway. In addition, he
gets a pension of over $100,000 per month. That's per month, not per year.
Civil
charges were filed against Raines. He was able to settle the lawsuit for a paltry
$3 million.
The connection between Obama and Raines was reported in the Washington
Post. However, Obama never disputed their relationship, until it was mentioned
in a McCain political ad. Then, Obama tried to distance himself from Raines. However,
Obama received thousands of dollars in campaign donations from Fannie Mae that
made him the second highest recipient of such questionable donations. Just follow
the money.
Franklin Raines also received a far below market value mortgage loan
from the now defunct Countrywide Financial company.
