Friday, October 08, 2010

Jones Out and Former Fannie Mae VP In at National Security Advisor

It seems more Obama cabinet members are leaving while it is still politically expedient.

In another White House shake up, President Barack Obama on Friday announced that his national security adviser, Gen. James Jones, was stepping down after helping to shape the foreign policy for nearly two years. Tom Donilon, Jones' deputy, will take over as the top security adviser.

Obama hailed Jones, a lifelong military man before his White House post, as a "dedicated public servant and a friend to me." The president turned over the job to Donilon, a workhorse figure in the White House who brings to the job a long background of Democratic politics and diplomacy.

Donilon is also Bidens guy and seems like more of a diplomat then a national security wonk like Jones was. The bad part is he has ties to Fannie Mae.

The unpaid adviser, Thomas E. Donilon, held several senior positions at Fannie Mae from 1999 to 2005, including vice president of law and policy, at a time when the company's officers and lobbyists were insisting that now-troubled Fannie's finances were sound. 

I hope he wasn't part of the group that tried to cook the books at Fannie so that they could overstate their earnings. That was 2004 after all and he was sitting at a desk at the Fannie Mae main office hopefully watching law and policy matters or whatever that VP title does. It does sound like a Fannie Mae lobbyist job but you never know.

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