Jim Johnson, Former Fannie Mae CEO, To Begin VP Search for Obama

Atlanta, GA 5/22/2008 11:08 PM GMT (TransWorldNews)

Former Fannie Mae CEO Jim Johnson has been asked by Senator Barack Obama on Thursday to start the search for a viable Vice Presidential candidate.


Johnson and Obama are starting the top-secret search as Obama edges closer to the Democratic nomination. Johnson did the same job for Democratic nominees John Kerry in 2004 and Walter Mondale in 1984.


Johnson created the Fannie Mae Foundation where he served with distinction as its chairman and CEO from 1991 to 1998. In 1999, he became CEO of Fannie Mae.


As of 2006, Johnson is a vice chairman of the private banking firm Perseus LLC, a position he has held since 2001. He is also a member of the American Friends of Bilderberg, the Council on Foreign Relations, and the Trilateral Commission.


Johnson earned the Master’s degree in Public Affairs from Princeton University’s Woodrow Wilson School in 1968, and the Bachelor of Arts degree from the University of Minnesota in 1965.


Obama has an extensive list of candidates to choose from between governors such as Arizona's Janet Napolitano, Kathleen Sebelius of Kansas and Tim Kaine of Virginia; foreign policy experts like former Georgia Sen. Sam Nunn, Connecticut Sen. Chris Dodd or Delaware Sen. Joe Biden; or other senators such as Missouri's Claire McCaskill and Virginia's Jim Webb.


Obama has 1,965 delegates to Clinton's 1,780, with 2,026 required to secure the party's nomination under Democratic National Committee rules.


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