Thursday, September 18, 2008

Down the memory hole

Washington Post, July 2008:

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.
Franklin Raines today: "I am not an advisor to Barack Obama, nor have I provided his campaign with advice on housing or economic matters."

Hey, remember when an indignant Franklin Raines demanded that the Washington Post clarify his relationship with Obama? Yeah, neither do I.

Activate the Obama-maniacs: Oceania has always been at war with Eastasia, and Obama doesn't know that guy who wrecked Fannie Mae. (HT: Ace)

Extra - Long post by Ace on where all those financial advisors are working now. (That is, unless Obama's hackers can update Wikipedia really quick.) Also, the Astute Bloggers find that back in 2003, Massachusetts' Barney Frank was dismissing oversight of Fannie and Freddie.

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