MINNEAPOLIS โ 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.
David O. Maxwell, former head of Fannie Mae, hired Johnson as vice chairman in 1990, after Johnson had helped the company hold off privatization efforts by the Reagan administration.
Johnson immediately set his sights on maintaining Fannie Maeโs lucrative government privileges and ensuring that new regulations were not overly burdensome.
Bush that aimed to reduce the chance of an expensive taxpayer bailout if Fannie Mae and Freddie Mac had bad loans on their books.
After retiring from Fannie Mae at the end of 1998, Johnson served on the boards of several companies, including UnitedHealth Group, KB Home and Target, and was vice chairman of the Washington private-equity firm Perseus.