Jim Johnson played an interesting role in the pump and dump of the American economy. He launched the pump as Chairman of Fannie Mae and since 1999 (the year he joined the board of Goldman per the proxy) he continued as a Goldman Sachs director to participate in the pump and then the dump.
Now the SEC has brought a securities fraud charge against Goldman Sachs related to one of the deals that helped burst the bubble, a process that included the demise of Fannie Mae.
I would love to hear Jim explain how come he and Goldman keep doing better and better as the American people keep doing worse and worse.
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