Johnson Quits Obama's Vice Presidential Search Team (Update3)
By Julianna Goldman
June 11 (Bloomberg) -- Former Fannie Mae Chairman James Johnson said he has quit Senator Barack Obama's vice presidential search committee after the Wall Street Journal reported he may have received preferential mortgage terms from Countrywide Financial Corp.
Johnson said that while he has done nothing wrong, he left to avoid being a hindrance to Obama, the presumptive Democratic nominee.
``I would not dream of being a party to distracting attention from that historic effort,'' he said in a statement. ``I believe Barack Obama's candidacy for president of the United States is the most exciting and important of my lifetime.''
Johnson's ties to Countrywide became a campaign issue after Republicans pointed out that Obama had been critical of the mortgage lender in campaign speeches. Johnson's role as a political insider also contrasted with Obama's pledge to bring change to Washington.
For all the change talk, the truth is Obama is just another liberal hypocrite surrounded by the corruption he condemns while propping him up.
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