Fannie Mae news: Obama campaign getting acidic advice from ex-CEO Raines

The mainstream media "experts" are saying energy could be the sleeper issue in the presidential race. I believe it is already a major issue. But the housing crisis could be that sleeper, and if it is, then it's bad news for the Barack Obama and the Democrats.

Ben Smith of Politico explains:

An ill-timed -- for Obama -- profile of former Fannie Mae CEO Franklin Raines, forced out in an accounting mess a few years ago.

The Style Section piece reports that he's recently been taking "calls from Barack Obama's presidential campaign seeking his advice on mortgage and housing policy matters."

Hard to find anybody in the mortgage industry who's looking real great right now, but Fannie Mae's critics, in particular, seem to have been vindicated.

And that "mess" wasn't just some little indiscretion over the bar bill at Hooter's--the Washington Post calls it a "$6.3 billion accounting scandal." That's audacious!

Related posts:

Judicial Watch files complaints against Obama over mansion mortgage

Obama's "sweetheart" mortgage: Was the competing lender Broadway Bank?

Obama, Alexi, and Broadway Bank

Technorati tags: Obama politics Barack Obama Election Democrats corruption mortgages real estate Fannie Mae housing