Mr. Raines, was forced to retire from Fannie Mae in 2004 when its regulator found it had violated accounting rules in an effort to conceal fluctuations in profit and hadn’t maintained adequate risk controls.
http://online.wsj.com/article/SB121279970984353933.html
And yet the NY Times is going after John McCain’s campaign manager because his company had dealings with Fannie and Freddie. Indirect links are so much more damning than direct ones when it comes to getting a Liberal elected.
No. Obama/Johnson/Raines/Dodd all tied tightly to the crisis. Two CEO’s and two top money recipients vs. one lobbyist. Stick this to them all the way to the election.
They control the info...they control the outrage.