REPORTING FOR DUTY
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Sep
23
Barack Obama’s Ultra-Rich Advisers Got Sweetheart Loans!
September 23, 2008 | 3 Comments
When you surround yourself with feces, don’t be surprised if you begin to look like crap!
Two Barack Obama advisers, Franklin Raines and James Johnson, received preferential home loans as industry favors, apparently in deference to their executive positions heading Fannie Mae.
Raines and Johnson both reaped tens of millions of dollars in their business as usual practice of corrupting the mortgage market. In the process, they bought and paid for weak corruptible opportunistic congressmen like Barack Obama, among many others.
So when Barack preaches about making the rich pay their fair share, and closing loopholes that the rich don’t need, how do sweetheart loans for the ultra-rich (at taxpayer expense) factor into his sanctamoneous proclamations?
The only thing worse than political corruption, is the hypocracy of the politcally corrupt.
Comments
3 Comments so far
[...] fault lies clearly, CLEARLY with [...]
[...] is not blocking the real story behind the mortgage crisis: Via HotAir It should be noted that two of Barack Obama’s ultra-rich advisers, including Franklin Raines who was later fired, got sweetheart loans. Kevin Hassett wrote more on [...]
[...] Obama will bring his buddy and former Fannie Mae Chairman Jim Johnson with [...]