Jim Johnson passes along a statement:

I believe Barack Obama’s candidacy for President of the United States is the most exciting and important of my lifetime. I would not dream of being a party to distracting attention from that historic effort. Therefore, I have withdrawn from the VP selection process.

I am extremely proud of my service to Fannie Mae and in other important dimensions of public service. This withdrawal should in no way imply that I accept the blatantly false statements and misrepresentations that have been written about me in recent days

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