President Obama's new National Security Advisor, Tom Donilon, is a Fannie Mae lobbyist

[Slimprofits]

By: Timothy P. Carney
Senior Examiner Columnist
09/08/10 10:30 AM EDT

Read more at the Washington Examiner: http://www.washingtonexaminer.com/op...#ixzz133bHgSJr

He was a top lobbyist at Fannie Mae during the housing bubble, when Fannie fought — with Democratic help — to avoid any restrictions or curbs on its work to inflate home values and get more people under mortgage. Before that, Donilon was a lobbyist at O’Melveny and Myers, where Fannie was a client.

In 2008, according to his financial disclosure forms, Donilon was a paid consultant for Citigroup, Goldman Sachs, and Apollo Investments.

http://www.bloomberg.com/news/2010-1...-update1-.html

Fannie Mae and Freddie Mac, the mortgage-finance companies operating under U.S. conservatorship, could draw a total of $363 billion in Treasury Department aid through 2013 if the housing market worsens, the Federal Housing Finance Agency said.

The corruption is so "in your face" that it's almost hard to believe. Yes, Obama just appointed to the position of National Security Advisor, a lead lobbyist for one of the loser entities that trashed the economy. This is the President that campaigned on change in 2008 and today campaigns on a theme of "we can't go backwards." I mean it's all laughable.

[Spartacus]

Re: President Obama's new National Security Advisor, Tom Donilon, is a Fannie Mae lobbyist

Would it be possible to find anyone qualified whose history is not tainted?

IOW, is there so much money to be made in Washington DC, that anyone remotely qualified to do anything has busily been making money there, and anyone who could NOT make money there (has not seized the opportunity to pick the low hanging fruit) is not qualified?

Or put another way, are the recruiters all thinking
"to get anything done in this town you have to know the ins and outs"
"Anyone worth having will have this kind of 'tainted' background. Accept it & let's move on. Any untainted resumes go in the round file - unqualified'

By: Timothy P. Carney
Senior Examiner Columnist
09/08/10 10:30 AM EDT

Read more at the Washington Examiner: http://www.washingtonexaminer.com/op...#ixzz133bHgSJr

He was a top lobbyist at Fannie Mae during the housing bubble, when Fannie fought — with Democratic help — to avoid any restrictions or curbs on its work to inflate home values and get more people under mortgage. Before that, Donilon was a lobbyist at O’Melveny and Myers, where Fannie was a client.

In 2008, according to his financial disclosure forms, Donilon was a paid consultant for Citigroup, Goldman Sachs, and Apollo Investments.

http://www.bloomberg.com/news/2010-1...-update1-.html

Fannie Mae and Freddie Mac, the mortgage-finance companies operating under U.S. conservatorship, could draw a total of $363 billion in Treasury Department aid through 2013 if the housing market worsens, the Federal Housing Finance Agency said.

The corruption is so "in your face" that it's almost hard to believe. Yes, Obama just appointed to the position of National Security Advisor, a lead lobbyist for one of the loser entities that trashed the economy. This is the President that campaigned on change in 2008 and today campaigns on a theme of "we can't go backwards." I mean it's all laughable.

[Slimprofits]

Re: President Obama's new National Security Advisor, Tom Donilon, is a Fannie Mae lobbyist

Every top national security expert in the country is tainted by having lobbied for probable criminal financial entities? If that's really the case, than how is the country not completely fucked?

[Ghent12]

Re: President Obama's new National Security Advisor, Tom Donilon, is a Fannie Mae lobbyist

Every top national security expert in the country is tainted by having lobbied for probable criminal financial entities? If that's really the case, than how is the country not completely fucked?

If not tainted by should-be-criminal financial corruption, then perhaps a top spook at one of the agencies or bureaus would be tainted by some other matter, covert or otherwise.

However, I agree completely with what you said. In-your-face corruption, pure and simple.