Tom Donilon, a White House national security advisor, is being touted as a potential replacement for Rahm Emanuel as chief of staff if Emanuel decides to leave to run for mayor of Chicago. The Washington Examiner’s Tim Carney has a good catch on Donilon today:
He was a top lobbyist at Fannie Mae during the housing bubble, when Fannie fought — with Democratic help — to avoid any restrictions or curbs on its work to inflate home values and get more people under mortgage. Before that, Donilon was a lobbyist at O’Melveny and Myers, where Fannie was a client.
In 2008, according to his financial disclosure forms, Donilon was a paid consultant for Citigroup, Goldman Sachs, and Apollo Investments.