James Johnson, who briefly headed up Barack Obama’s vice presidential search team, has resigned from that role in the wake of recent criticism stemming from this WSJ article. Republicans grasped onto the report that Johnson, a former Fannie Mae chief executive, may have received home loans from Countrywide Financial at below-average market rates thanks to his ties to Countrywide’s chief executive. Read more about his resignation from the VP team here.
Another member of Obama’s search team, Covington & Burling partner Eric Holder Jr., is also getting battered by the GOP over his role in President Bill Clinton’s pardon of fugitive Marc Rich. Holder served as deputy attorney general in the Clinton administration. Rich’s lawyer, Jack Quinn, lobbied Holder for help in getting his client’s pardon granted. Check out Holder’s subsequent testimony before the Senate Judiciary Committee from February 2001 here. And read Quinn’s prepared testimony here.
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