September 24, 2008
Posted: September 24th, 2008 06:17 PM ET
The Statement He added that "[a]nother CEO for Fannie Mae, Mr. Raines, has been advising Senator Obama on housing policy even after Fannie Mae was found to have committed quote 'extensive financial fraud' under his leadership." Learn the facts
The Facts On June 10, a day before Johnson stepped down, Obama said Johnson had a limited role and that "anybody who is tangentially related to our campaign" could have relationships that the campaign doesn't know about. "These aren't folks who are working for me," he said. "They are not people, you know, who I have assigned to a job in the future administration. And ultimately, my assumption is that this is a discrete task that they are going to be performing for me in the next two months." The McCain campaign cites a July 16 Washington Post article that says another former Fannie Mae CEO, Franklin Raines, had "taken calls from Barack Obama's presidential campaign seeking his advice on mortgage and housing policy matters." In a September 20 speech in Daytona Beach, Florida, Obama called Raines "a Fannie Mae guy I've talked to for maybe five minutes in my life" and in a statement released by the campaign, Raines says he is "not an advisor to Barack Obama, nor have I provided his campaign with advice on housing or economic matters." In a follow-up to the Post article, the reporter who wrote the piece said Raines told her he took "a couple of calls" from someone at the campaign and discussed "general housing, economy issues." Obama's campaign also has gone after McCain over campaign manager Rick Davis, who has worked as an influential lobbyist and whose firm reportedly worked for Freddie Mac, another major mortgage firm that was taken over by the government. The Verdicts: True, for Johnson. Misleading, for Raines. While Johnson stepped Filed under: Fact Check |
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