McCain: Jim Johnson of Fannie May [View All]

was head of Obama's VP search... blah blah.....

He was in an unpaid position less than a week

http://www.reuters.com/article/topNews/idUSN1147645220080611
more at link

CHICAGO (Reuters) - The chief of Democrat Barack Obama's search for a vice presidential running mate stepped down from that role on Wednesday over questions about loans he received from a company involved in the U.S. housing crisis.

The Illinois senator said in a statement that Jim Johnson had decided to quit the unpaid position in order to avoid being a distraction from the process of gathering information about possible vice presidential candidates.

Obama clinched the Democratic presidential nomination last week and will face Republican John McCain in the November election.

"Jim did not want to distract in any way from the very important task of gathering information about my vice presidential nominee, so he has made a decision to step aside that I accept," Obama said.