Like Fannie Mae and asbestos? You’ll love Joe Biden’s revolving-door chief of staff Ron Klain

Published November 12, 2020 2:32pm ET



Joe Biden’s White House chief of staff will be a revolving-door lobbyist for bailout barons, fraudster drug companies, and major health insurers, all while Biden claims to be taking Washington back from the special interests.

Ron Klain served in the Clinton and Obama administrations, and in between, he was a lobbyist for K Street firm O’Melveny & Myers. His clients included Fannie Mae, the government-backed housing-bubble inflator that failed and required a taxpayer bailout. Klain lobbied for Fannie Mae from 2002 through 2005, the period when Fannie Mae successfully fought off stricter oversight from lawmakers concerned about taxpayer exposure.

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