So Jimmy J.’s out and Barry O. “accepts” this removal of “distraction.” What Obama wants, actually, is more distraction. He needs anything to happen that will distract people from looking too closely at his sleazy political and personal connections.
Glenn Reynolds warns that Johnson will be back once the commotion dies down.
In an interesting yet hardly surprising lapse of fact-checking, the L.A. Times notes Johnson’s sweetheart deal with Countrywide gratis his “Friend of Angelo” status. That part's accurate. The Times then describes Angelo Mozilo as “the former head of Countrywide.” [The Times spells his name incorrectly as “Mozillo.”]
Check your calendars guys: Mozilo is still Chairman and CEO. BofA hasn’t signed the deal yet.