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Forget What Obama Said About Fannie Mae

Buried in the “Top Of The Ticket” blog of the Los Angeles Times:

Barack Obama taps ex-Fannie Mae lobby boss to review the State Department

by Dan Morain

November 13, 2008

Way back in the 2008 presidential race, John McCain’s campaign manager, Rick Davis, got lots of unwanted attention for his ties to the failed home mortgage lender, Fannie Mae.

But McCain was not the only candidate whose advisors included Fannie alumni.

Barack Obama had his share, and now the president-elect has tapped one of them, Washington attorney Thomas Donilon, to help lead the transition team’s review of operations at the State Department.

The move, announced Wednesday, makes some sense. Donilon was assistant secretary of state in the Clinton administration. But Donilon also had his hands in Fannie Mae.Home foreclosure

After the Clinton years, Donilon worked as executive vice president for law and policy at Fannie Mae, a post he held until 2005. In that role, Donilon helped oversee Fannie’s massive government lobbying operation, called a very aggressive one.

According to Obama’s aides, Donilon was an unpaid advisor during the campaign focusing on foreign policy. He also donated $2,300 to Obama’s presidential campaign.

But as campaign watchers may recall, it was Davis’ role at Fannie that gained far more attention.

Attention turned to Davis in part because Bill Maloni, Fannie’s former chief lobbyist, wrote a letter that was published by the online publication Politico in September as Fannie Mae, Freddie Mac and Wall Street were melting down.

In the letter, Maloni took issue with McCain for attacking Obama over receiving advice from one former Fannie Mae executive — “as if there is some guilt in the association with Fannie Mae’s former executives.”

Shortly after the letter was published, Maloni spoke to The Times and explained a bit about the hierarchy during his tenure.

Maloni pointed out that Davis was not paid out of Fannie’s lobbying budget, but rather from the communications budget. He explained that Davis’ job as head of Homeowners’ Alliance was but “one of many things we were doing,” and it was “small potatoes” in Fannie’s overall lobbying and external communications effort.

Maloni, who retired in 2004, headed Fannie’s lobbying operation for 20 years. He had as many as 20 lobbyists and consultants reporting to him.

And for a time, Maloni’s boss was, tah-dah, Donilon, the current Obama advisor and transition expert.

“We were very, very aggressive lobbyists,” Maloni said. “It wasn’t an accident. If you lost, you lost. The mission was too important.”

Please not that during the campaign there were countless stories in the news about McCain having Rick Davis, a Fannie Mae lobbyist, as a top advisor. (Even though he was not really a lobbyist, per se.)

Indeed, a Google search of Rick Davis and Freddie returns 138,000 hits:

(Click to enlarge)

Meanwhile there was not one report that Mr. Obama was being simultaneously advised by the biggest Fannie Mae lobbyist of them all. The boss of Fannie Mae’s head lobbyist.

Think about that whenever you ponder the utter duplicity of our one party media.

This article was posted by Steve on Friday, November 14th, 2008. Comments are currently closed.

9 Responses to “Forget What Obama Said About Fannie Mae”

  1. Anonymoose says:

    Well that makes me feel great, knowing that not only is the man of “change” re-hiring all the big shots from the Clinton era, but a lot of them are also connected in some way to Fannie Mae. Wow, great plan.

    Of course this makes me wonder even more:


    Yes that.s right, unless you’re an ex-Clinton staffer with Fannie Mae connections Obama wants to know all your dirt before he’ll let you work for him. Including ex-lovers, personal diaries, and whether anyone in the family owns a gun. I’m sure the Obamabots will dismiss this as a necessary “protection” against the evil Republicans, but I’m seeing 1984 and Animal Farm rolled up into one.

    Gawd, this man is the worst thing that could have come along for the country, yet his fans/minions will hear nothing of it.

  2. retire05 says:

    Does anyone remember the O’Rielly interview where he specifically asked Obama how often he had attended Trinity Church of Christ to which Obama said a “couple of times a month.” Not withstanding that would have put Obama in the pews almost 500 times in 20 years, that he named his own book after a Wright sermon and states, without reservation, in that book that he took recorded tapes of Wright’s sermons to Harvard with him, it seems that Obama was not being completely honest with Mr. O’Reilly and the rest of the nation.

    According to an interview obtained from Obama during his 2004 Senatorial campaign, he was a little more specific about how often he attended Trinity. Now, after you read this, I will remind you that almost always, a minister, or priest, gives the same sermon at all services on a Sunday. They do not write one sermon for the 8:00 service and another for the 11:00 service.


    You will note that Obama is very specific about his attendance and even goes so far as to say which service. He also notes his extreme closeness to the Rev. (if you can call him that) Jeremiah Wright, Jr.

    Add to this William Ayer’s statement that he and Obama were “family friends” which simply means that not only were they friends, their spouses were as well. No surprise. I am sure that Michelle Obama, who surely by now must be proud of her nation, or at least 52% of the voters, has a lot in common with Bernadette Dohrn.

    Who is that man behind the mask? Well, 48% of us voters knew. It looks like the 52% are about to find out.

  3. Professor_Repulso says:

    For all his vaunted intelligence, when unscripted, he comes off as little more than a street hustler, rabble-rouser or shakedown artist. Perhaps that defines a ‘community organizer’.

  4. 1sttofight says:

    street hustler, rabble-rouser or shakedown artist. Perhaps that defines a ‘community organizer’.

    I would agree with that. But you have to be at least half black to pull it off.

  5. retire05 says:

    It has just been announced that Obama has appointed Valerie Jarrett as Senior White House Advisor.

    Get a load of Jarrett:


    Obama, the change artist, cleaning out Chicago crooks, and moving them to Washington, D.C.

    Too bad Tony Rezko’s going to jail. He was probably promised the Secretary of Treasury gig.

  6. 12 Gauge Rage says:

    Change you can believe in? I can only think of what one of my former co-workers’ once said to me about regime changes: ‘The only thing that changed from Czarist rule in Russia, to Communist rule was that one set of thugs was replaced by another.’ It’s no different here. You can cover the present in prettier wrapping paper but once it’s removed you still have the same thing.

  7. Wallaby says:

    SG –
    Check out the presidential oath of office that is provided at the website of the new extra-constitutional “Office of the President-Elect”:


    The bare oath, mandated by the Constitution, is quoted.

    “I do solemnly swear that I will faithfully execute the office of the President of the United States, and will to the best of my ability, preserve, protect, and defend the Constitution of the United States.”

    Tellingly, the traditional coda:

    …so help me God.

    is omitted.

  8. Steve says:

    Good catch, Wallaby.

    Though to be fair, that is all that is required by the Constitution.


  9. U NO HOO says:

    “Too bad Tony Rezko’s going to jail.”

    Yeah, he doesn’t own a gun.

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