What a list of corrupt advisors Obama is compiling! I’d like to see that list in its entirety posted on FR just for reference for the rest of the country.
My guess is that Raines has been working with Obama since before Obama moved into national politics. This whole expansion of the credit market into risky loans is a result of the pressure from community activist groups, like ACORN.
Obama has been a BIG proponent of risky real estate loans for many, many years. This move by his campaign to call everything a racist attack is a warning not to hit Obama for his ties to the risky mortgage market because they will claim this is a racist attack.