It can be unfair to someone to pass judgment on someone for the company they have kept in their past. Barrack Obama, much like Oprah Winfrey was a member of the Trinity United Church of Christ church that is lead by the controversial Reverend Jeremiah Wright. Reverend Wright is an outspoken, rhetoric monger who has made statements such as: blacks should not sing “God Bless America” but “God damn America,” and that the United States brought on the 9/11 attacks with its own “terrorism.”
Obama has distanced himself form the Rev. Wright. Obama said Wright “is like an old uncle who says things I don’t always agree with.” However, Wright married Obama and his wife, baptized their two daughters and is credited by Obama for the title of his book. Obama should have been questioned about his relationship with the Reverend Wright, and should have been given the opportunity to respond. As we have seen Obama has distanced himself from him. So does the company one keeps shed light on their judgment or lack of judgment?
Let’s look at a few other members of Obama’s company.
Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae.
Raines was forced out his position with Fannie Mae when auditing discovered severe irregularities in Fannie Mae’s accounting activities. Fannie Mae had to reduce its surplus by $9 billion. Raines left with a ‘golden parachute valued at $240 Million in benefits.
The Government filed suit against Raines when the depth of the accounting scandal became clear.
Raines was also Bill Clinton’s Director of the Office of Management and Budget.
Raines currently works for the Obama Campaign as an Economic Advisor
Tim Howard – Was the Chief Financial Officer of Fannie Mae.
The Government Investigation determined that, ‘Chief Financial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie
Howard resigned under pressure in late 2004, with a Golden Parachute was estimated at $20 Million!
Howard is also a Chief Economic Advisor to Obama
Jim Johnson – A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO.
Investigators found that Fannie Mae had hidden a substantial amount of Johnson’s 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million.’ Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae. Johnson’s Golden Parachute was estimated at $28 Million.
Johnson hired as a Senior Obama Finance Advisor and was selected to run Obama’s Vice Presidential Search Committee.
This would make in interesting dinner party… I wonder who would pick up the bill.