UPDATE: Johnson is history.
Another example of that famous Obama good judgment.
From Fox News.
According to today’s Washington Post, Obama’s veep vetter Jim Johnson is linked to an accounting scandal at his former company, Fannie Mae. The newspaper reported this morning that Johnson “was the beneficiary of accounting in which Fannie Mae’s earnings were manipulated so that executives could earn larger bonuses. The accounting manipulation for 1998 resulted in the maximum payouts to Fannie Mae’s senior executives — $1.9 million in Johnson’s case — when the company’s performance that year would have otherwise resulted in no bonuses at all, according to reports in 2004 and 2006 by the Office of Federal Housing Enterprise Oversight.”
