Obama’s NSA Pick Has Fannie Mae, Goldman Sachs Past

Editor’s Note: As we noted in The Obama Deception, released March 2009, Thomas Donilon, then Obama’s Deputy National Security Advisor, is also a member of the Council on Foreign Relations, the Trilateral Commission and Bilderberg attendee / luminary.

ABC News
October 11, 2010

	Thomas Donilon, (left), then Deputy National Security Advisor, with President Obama and now-exiting National Security Advisor Gen. James Jones. Source WhiteHouse.gov

President Obama’s new National Security Advisor spent the decade prior to joining the White House as a legal advisor to powerful interests including Goldman Sachs and Citigroup, and as a lobbyist for Fannie Mae, where he oversaw the mortgage giant’s aggressive campaign to undermine the credibility of a probe into its accounting irregularities, according to government reports and public disclosure forms.

Thomas E. Donilon has been formally advising Obama on national security matters since the president’s transition to the White House, and he worked in President Clinton’s state department during the 1990s. But in between these high-profile public-sector assignments, Donilon was a highly paid lobbyist who represented an array of well-heeled and powerful clients, including former Republican New Jersey Gov. Christie Todd Whitman and Obama’s 2008 campaign fundraising chairman, billionaire heiress Penny Pritzker.

• A d v e r t i s e m e n t

After a stint at the law firm O’Melveny & Myers, where Donilon was registered as a lobbyist for Fannie Mae, he took on full-time work with the mortgage giant as executive vice president for law and policy. Donilon’s name appears on Fannie Mae’s public lobbying disclosure reports between 2000 and 2005.

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While housing sales were still booming, internally these were troubled years for the company. In a report first noted by ABC News in 2008, Donilon is described as someone who lobbied for and helped paint a rosy picture of Fannie Mae’s financial health to the company’s board. He did so at a time when Fannie Mae faced accusations that it was misstating its earnings from 1998 to 2004. Fannie Mae settled with the Securities and Exchange Commission for $400 million in 2006, and did not admit any wrongdoing.

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This article was posted: Monday, October 11, 2010 at 4:34 pm

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