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Barack Obama has more than a Jim Johnson problem with the collapse of America’s financial institutions. Watch the video above and get ready to hold onto your wallet.

And, this corrupt pol has the answer?

Please…….

Update:

And, look who is meeting in Florida with Obama today to discuss his economic recovery plan for America – “to stabilize the financial system and turn the economy around.”

• The Politico Reports Former Commerce Secretary William Daley Will Attend Obama’s Economic Meeting To Advise Him On The Financial Crisis. (“Obama’s Banking Brain Trust,” The Politico, 9/19/08)

• Daley Serves As An Obama Advisor For Economic Policy. “At his stop in New Mexico, Obama sought to keep the focus almost exclusively on the economy, appearing with a panel of experts that included William Daley, brother of Chicago Mayor Richard Daley and a former U.S. commerce secretary.” (John McCormick and Jill Zuckman, “Rivals Spend Day As Frequent Fliers,” Chicago Tribune, 2/2/08)

• Daley Served On The Fannie Mae Board And Received Hundreds Of Thousands In Stock Options And Director Fees. “After Clinton passed over Daley for a Cabinet post in his first term, he appointed him to the Fannie Mae board. Daley reported collecting $ 24,814 in director’s fees in 1996 from the firm. He also listed deferred compensation and stock options from Fannie Mae worth between $ 215,000 and $ 500,000.” (Charles R. Babcock and Barbara J. Saffir, “In Wealth, Clinton Team Doesn’t Look Like America,” The Washington Post, 6/24/97)

• Former Fannie Mae CEO Jim Johnson Recruited Daley For Fannie Mae. “Fannie’s government relations operations dramatically expanded in the mid-1990s, when then-CEO Johnson recruited Washington A-listers Robert Zoellick, who served in the Reagan and Bush administrations; Lawrence M. Small, former secretary of the Smithsonian Institution; and William M. Daley, commerce secretary in the Clinton administration.” (Lisa Lerer, “Fannie, Freddie Spent $200M To Buy Influence,” The Politico, 7/16/08)

• NOTE: From 2002 Through 2005, Daley’s Son Was A Registered Lobbyist For Fannie Mae. (U.S. Senate Office Of Public Records Website, soprweb.senate.gov, Accessed 7/27/08)

This entry was posted on Friday, September 19th, 2008 at 9:48 am and is filed under Barack Obama. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.