Here's an excerpt:
"In the four years since he stepped down as Fannie Mae's chief executive under the shadow of a $6.3 billion accounting scandal, Franklin D. Raines has been quietly constructing a new life for himself. He has shaved eight points off his golf handicap, taken a corner office in Steve Case's D.C. conglomeration of finance, entertainment and health-care companies and more recently, taken calls from Barack Obama's presidential campaign seeking his advice on mortgage and housing policy matters."Interestingly, until he was thrown under the bus for the Countrywide mortgage scandal, Obama's lead "veep" vetter was Jim Johnson. Johnson was also CEO of Fannie Mae.
This, of course, makes you wonder about Obama's judgment regarding the economic advice he is receiving ...