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Article: Barack Obama's Mounting Ethical Tone Deafness, Now With Jim Johnson's Mortgage Scandal.
- Article from:
- U.S. News & World Report
- Article date:
- June 11, 2008
- Author:
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Copyright informationCOPYRIGHT 2008 All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Bonnie Erbe
You have got to check out the lead editorial (http://online.wsj.com/article/SB121314375651462773.html?mod=opinion_main_review_and_outlooks) in today's Wall Street Journal. Sen. Barack Obama's tone deafness on unethical conduct is absolutely stunning.
In sum, the piece notes that Jim Johnson, one of the three people Sen. Obama chose to help him select his vice presidential running mate, received below-market interest-rate mortgages from Countrywide Financial while he was the CEO of Fannie Mae, and did not disclose the sweetheart deals to Fannie's board. This while he was pulling down $21 million in pay. Obama has called Countrywide's CEO--who arranged ...
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