The other (alleged) top candidate for Rahm’s job was also a Fannie Mae lobbyist 

When I blogged this morning about Tom Donilon, possibly the next White House chief of staff, I didn’t mean to imply that his resume as Goldman consultant and Fannie Mae lobbyist was anything extraordinary. In fact, it seems to be a pre-requisite for the job.

The other top candidate (admittedly, this is all according to anonymous rumors published by reporters with closer ties to this White House than I have) is Ron Klain, currently the VP’s chief of staff, and thus the senior member of Joe Biden’s Merry Band of Lobbyists.

Klain, like Donilon, was a lobbyist at O’Melveny & Myers, representing Fannie Mae on “regulatory issues.” Again, that meant it was his job to make sure Congress wasn’t putting new curbs on what this taxpayer-guaranteed agency was doing.

Klain’s other clients include Time Warner, the Coalition for Asbestos Resolution, ImClone, and USAirways.

But back to Fannie Mae — don’t forget that Rahm, during the two years in which he made $16 million between the Clinton White House and Congress — served on the board of Fannie Mae.

And Rahm, like Donilon, was also a Goldman consultant back in the day.

Now you know what I mean when I Fannie Mae was a taxpayer-backed slush fund for well-connected Democrats.

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Timothy P. Carney

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