Still, he ran some of the most influential institutions in the country’s capital. Senior Vice President and Chief Marketing Officer. In addition to his son, Johnson is surviving by his wife, Heather Muir Kirby, managing director of Deutsche Bank. It was. In fact, he supported racial and economic equality throughout his career, starting with his participation in the 1965 civil rights movement from Selma to Montgomery, Alabama while in college. He proved Fannie Mae’s aggressive lobbyist — making strategic financial donations to parliamentary regulators, hiring former civil servants from both parties, and blunting criticism of some of the company’s more dangerous financial practices. Log into your account. Jim attended the University of Minnesota and was elected student council president in his second year. Since 2011, he has chaired the Advisory Committee of the Stanford Longevity Center. In addition to leading Fannie Mae, Johnson worked for financial firms Perseus LLC and Shearson Lehman. In an interview, Mondale said the 49-state overwhelming victory over President Ronald Reagan did not reflect Johnson. Born: 24-Dec-1943 Birthplace: Benson, MN Died: 18-Oct-2020 Location of death: Washington, DC Cause of death: unspecified Gender: Male Race or Ethnicity: White Sexual orientation: Straight Occupation: Business Party Affiliation: Democratic Nationality: United States Executive summary: CEO of Fannie Mae, 1991-98 Executive Assistant to … James has 5 jobs listed on their profile. accent. He has been a Democratic presidential candidate for the next 40 years, including Edmund Muskie, George McGovern, Walter Mondale, Al Gore, and Senator Kelly. "James A. Johnson, a former Democratic campaign operative who led Fannie Mae in the 1990s and transformed the mortgage giant into a political powerhouse, ushering in an era of striking profitability and opulence that was later seen as a harbinger of the 2008 financial crisis, … “And we spoke the same language.”. A pillar of Washington’s founding, Johnson has applied his extensive political skills to his second career in finance as a leading power broker who simultaneously leads three prominent institutions: Fannie Mae, Kennedy Center and Brookings Institution. ... Senior Vice President and Chief Compliance & Ethics Officer. your password After leaving, he returned to his delicate work, assisting Democratic candidates in the election of vice presidents, debate negotiations, and transition plans. You have JavaScript turned off! “Jim Johnson was clearly the reason the senator was prepared for that exchange,” Jack Martin, a longtime Bentsen aide who was in the room at the time, ... Fannie Mae, the Kennedy Center and the Brookings Institution. After Mondale’s term ended in 1981, Johnson founded a political consulting firm, Public Strategy, with Richard C. Holbrook, the chief diplomat of several Democratic governments. Johnson returned to politics in 1984 to manage Mondale’s unlucky presidential campaign. A member of the Democratic Farmer-Labour Party, he was elected to the state legislature and chaired the House of Representatives in the late 1950s. Later, when he was chairman of the John F. Kennedy Performing Arts Center, he and his wife, Maxine Isaacs, created and undertook the Millennium Stage for free concerts and other performances 24/7. "Jim" Johnson, a former CEO of Fannie Mae and Democratic adviser, died Oct. 18, according to his company website. Then, Obama asked him to pick his V.P. He is a member of the American Academy of Arts and Sciences and he also serves on the International Council of the Belfer Center for Science and International Affairs at Harvard. The Elite Kennedy Center is now more accessible. I paid for the academic research I made. He stayed out of presidential politics while at Fannie Mae … My sister Marilyn Ramrea. In 1988, Democratic agent James A. Johnson helped Democratic Vice Presidential candidate Lloyd Bentsen prepare for a discussion with Republican opponent Danquere. His father, Alfred Ingwald Johnson, owned a grocery store and was a real estate broker. The man responsible for the change was James Johnson, a close aide to Vice President Walter Mondale who came to Fannie Mae in 1990. To date, Fannie and Freddie have cost Americans more than $160 billion. “He was particularly good at manipulating lawmakers, scrutinizing regulators, and leaving bills for taxpayers,” they added. He also hired scholars, writers, and thinkers to study urban vital trends and the intersection of race and public policy as chairman of the Brookings Institution, a liberal research group. Is written in. Johnson died on Sunday At his house in Washington. Mr. Johnson died on Sunday at his home in Washington. He was 76. Before joining Fannie Mae, Johnson was a Managing Director in Corporate Finance at Lehman Brothers. He was 76 years old. MINNEAPOLIS (AP) — James A. Johnson, a former Democratic campaign operative who was CEO of housing lender Fannie Mae in the 1990s and served as chairman of Walter Mondale’s presidential bid, died Sunday at his home in Washington. James A. Johnson is Chairman of Johnson Capital Partners from 2001 to the present. All content © 2020 The Hamilton Project. USA News, Australia News, New Zealand News, South Africa News, UK News, James A. Johnson, Democratic Power Broker, dies at age 76, Blockade may limit asthma attacks in children, The most accurate map of our galaxy accurately shows 1.8 billion space objects, Nila Tanden’s unrepentant bullying should disqualify her from Biden’s cabinet | Arwa Mahdawi | Opinion, Answer the OG series trivia quiz saved by Bell’s new cast members, 12 trainings to quickly lose tummy fat at home, Trump ordered most U.S. troops to withdraw from Somalia, Studies Show Benefits of Mediterranean Diet for Patients with Heart Disease. Investigators found that Fannie Mae had hidden a substantial amount of Johnson’s 1998 compensation from the public, reporting that it was between $6 million. “Both he and I were from Minnesota,” Mondale recalled in an interview. in Political Science from the University of Minnesota and a Master’s in Public Policy from the Woodrow Wilson School at Princeton University. Johnson serves as Chairman Emeritus of The John F. Kennedy Center for the Performing Arts and The Brookings Institution. He said he was the “chairman of the universe.”, Even Mr Johnson had a hard time explaining what he did to make a living. Johnson left in 1990 to join Fannie Mae as vice chairman; he became chairman and chief executive in 1991. 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With funding from the Fannie Mae Foundation, he started the institution’s Center on Urban and Metropolitan Policy, now the Metropolitan Policy Program. Johnson was “an anonymous architect of the public-private homeownership movement that almost destroyed the economy in 2008,” and Gretchen Molgenson, then New York Times business journalist, and financial analyst Joshua Rosner said, “a reckless crisis. Kriston McIntoshPhone: (202) After earning a master’s degree in public policy from Princeton in 1968, he signed the anti-war presidential campaign for Eugene J. McCarthy. Instead, he focused on the company’s goal of helping low-income families, immigrants, and young people get mortgages and own their own homes. “Jim Johnson was clearly the reason Senator was prepared for the exchange,” Jack Martin, a longtime aide to Benzen, who was in the room at the time, said in an interview. You say you’re in the American dream business.”. Jim Johnson – A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO. His marriage to Catherine Marshall and Isaacs ended with a divorce. In 2004, when he refused to reveal details of the search for the Vice President, who was leading Senator John Kerry, he told the New York Times, “I would consider myself cautious.”. From 1990 to 2000, the company's stock grew 500 percent. In 1999, Johnson received an Honorary Doctor of Humane Letters Degree from Howard University, and in 2002, he received an Honorary Doctor of Laws Degree from Skidmore College. He also shared some of the advice he received while running Fannie Mae. He briefly led Senator Barack Obama’s vice-presidential election process in 2008, but reported in the Wall Street Journal that he received preferential lending from Country Wide Financial, a mortgage company at the heart of the subprime mortgage crisis. It has surfaced. The company, formally known as the Federal National Mortgage Association, appeared to be at a crossroads. No one became president, but Johnson maintained his reputation as a practical, wise, and credible insider. "Jim" Johnson, a former CEO of Fannie Mae and Democratic adviser, died Oct. 18, according to his company website. He was Vice Chairman of Perseus LLC from 2000–12. Johnson holds a B.A. Johnson made his fortune at the Federal National Mortgage Association (Fannie Mae), where he worked from 1991 to 1998. Prior to joining Perseus, Johnson served as Vice Chairman (1990), Chairman and Chief Executive Officer (1991–98), and Chairman of the Executive Committee (1999) of Fannie Mae. In 2016’s oral history, Johnson avoided controversy over his tenure at Fannie Mae. Johnson and Holbrook sold their public strategy to Searson Lehman Brothers in 1985, where they both became Managing Directors of the Investment Banking Division. I ndeed, preserving its government subsidy is Fannie Mae’s central mission, which helps to explain why a fellow like Jim Johnson is the CEO of this $325 billion company. THP forums bring together key policy makers, academic experts, and business leaders to discuss ways to address our nation’s most pressing economic challenges. Benzen raided when Mr. Kiel said on stage that he had as much parliamentary experience as Kennedy sought the president. He was 76. After leaving Fannie Mae, Johnson joined the board of directors of several companies, including Goldman Sachs and Target. When people ask, he said in his 2016 oral history, “I have some combination of public policy, politics, government, philanthropy, and business.”, At another point, he described his work as follows: “I speak.” But he never graduates from school. As Chairman and Chief Executive Officer, he led Fannie Mae to record profits. Earlier, he was employed by the Dayton Hudson Corporation (Target Corporation), worked as a staff member in the U.S. Senate, and was on the faculty of Princeton University. In 1988, James A. Johnson, a Democratic operative, was helping Senator Lloyd Bentsen, the Democratic vice-presidential nominee, prepare for his debate with View James Johnson’s profile on LinkedIn, the world's largest professional community. His mother, Adeline (Rasmussen) Johnson, taught Latin and German at a local high school. He became Chairman and Chief Executive Officer in 1991. It was. The man he chose to lead his effort was James A. Johnson, the former chief executive of Fannie Mae and one of the most powerful men in Democratic circles in Washington.

James Arthur Johnson was born on Dec. 24, 1943, in Benson, Minn., a small town along the Chippewa River where his Norwegian grandparents had settled. He said this was part of the American dream. “Never say you’re in the secondary mortgage market. and raise thousands for his campaign. Posted in American Consumers, Bank of America, Christopher Dodd, Current Affairs, Economy, Fannie Mae, Freddie Mac, Ginnie mae, Home Loan, Housing Crisis, JP Morgan | 3 Comments » Larry Doyle A Wall Street veteran's views and instincts on the markets, economy, and all things financial.