Johnson Quits Obama’s Vice Presidential Search Team

June 11, 2008 in Elections, International, McCain, Obama, Politics, Veepstakes
Tags: Barack Obama, Countrywide, Fannie Mae, James Johnson, Jim Johnson, Obama, Veepstakes, vice president, VP, Wall Street Journal

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.