The Corner

Fresh From the Fannie Mae Scandal, Now Informally Advising the Obama Campaign on Housing and Mortgage Issues…

From the Washington Post this morning:

In the four years since he stepped down as Fannie Mae’s chief executive under the shadow of a $6.3 billion accounting scandal, Franklin D. Raines has been quietly constructing a new life for himself. He has shaved eight points off his golf handicap, taken a corner office in Steve Case’s D.C. conglomeration of finance, entertainment and health-care companies and more recently, taken calls from Barack Obama’s presidential campaign seeking his advice on mortgage and housing policy matters.

The Post, as part of what appears to be Raines Rehabilitation Day, also gives Raines space on its op-ed page to lay out his prescription for Fannie Mae.


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