Ball point pen on the morning newsprint

It was Jim Johnson's job to vet possible vice presidential candidates for Barack Obama, but no one vetted the vetter and he has now resigned from the campaign.

While skyrocketing interest rates on sub-prime loans are causing many Americans to loose their homes, it's been reported that Jim Johnson, as CEO of the Federal National Mortgage Association (Fannie Mae for short) accepted millions of dollars in sweetheart loans from Countrywide Mortgage at below market interest rates.