Josh Gerstein, New York Sun
Long-standing ties between a member of Senator Obama’s new vice presidential search team and a prominent mortgage executive the senator has pilloried could become a political liability that hampers the presumptive Democratic presidential nominee’s ability to tap into public ire over the subprime mortgage crisis.
James Johnson, one of three people tapped by Mr. Obama recently to oversee the search for his running mate, took at least five real estate loans totaling more than $7 million from Countrywide Financial Corp. through an informal program for friends of the company’s CEO, Angelo Mozilo, the Wall Street Journal reported Saturday. (more…)

