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Posted by: lfergie812 1 year, 2 months ago
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lfergie8121 year, 2 months ago
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From an article. The Obama campaign last night issued a statement by Raines insisting, "I am not an advisor to Barack Obama, nor have I provided his campaign with advice on housing or economic matters." Obama spokesman Bill Burton went a little further, telling me in an e-mail that the campaign had "neither sought nor received" advice from Raines "on any matter."
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The Washington Post made the claim but could not prove it as a fact.
The Pinocchio Test
The McCain campaign is clearly exaggerating wildly in attempting to depict Franklin Raines as a close adviser to Obama on "housing and mortgage policy." If we are to believe Raines, he did have a couple of telephone conversations with someone in the Obama campaign. But that hardly makes him an adviser to the candidate himself -- and certainly not in the way depicted in the McCain video release.
Also from the article by fact-checker-
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FSU92grad1 year, 2 months ago
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Well, if Raines says he's not Osama's economic advisor or advised him on any economic matters, then it HAS to be gospel, right lfergie?
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After all, Raines got 90 million from the Fannie deal from cooking the books back in 2006, so we should take a listen and believe ANYTHING that comes from this a-holes mouth, right lfergie ?
Same goes for Franks, Paulson, Dodd and the rest of the Democrap thugs who did nothing to prevent this from occuring despite Republicans begging for reform.....
Funny how Raines and the Post have recanted their story....-
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lfergie8121 year, 2 months ago
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Raines told the reported that someone called him from the Obama camp but he didn't know who.
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"Funny how Raines and the Post have recanted their story...."
They never recanted on the story they are just setting the record straight. He got a couple of calls but no follow through and that is more evidence than you have that he advised Obama on anything.
Just keep telling your lies and even you might believe them.
As for the dealings of congress, there are thieves on both sides and that will never change. Just take a look at these prize people.
http://www.gimmiesometruth.com/tricks.html -
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Klarissa1 year, 2 months ago
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Mr. Johnson and Mr. Raines aren't the only figures in the subprime mortgage scandal to be connected to the Obama campaign. Jamie Gorelick, rumored to be an attorney general candidate in an Obama administration, was vice chairman of Fannie Mae from 1997 to 2003. Penny Pritzker, Mr. Obama's national finance chairman, has been described as "the Michael Milken of the subprime mortage crisis" for her pioneering of the packaging of bad loans with good ones at her now defunct Superior bank in suburban Chicago.
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"The financial engineering that created the financial meltdown was developed by the Pritzkers and Ernst and Young, working with Merrill Lynch to sell bonds securitized by sub-prime mortgages," said Timothy Anderson, a retired bank consultant.
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