BREAKING: ARREST ROCKS OBAMA ADMINISTRATION According to recent reports, Democrat Rep. Chaka Fattah received the devastating news on Tuesday that he had been found guilty of 29 counts of bribery, money laundering, racketeering and fraud. Fattah is a longtime friend and ally of President Obamas. Reports from The Political Insider note that each of the charges related to conspiracy, falsification of records and mail fraud carry a prison sentence of up to 20 years. For Fattah, that probably means life in jail. Fattah and four of his associates were charged for borrowing $1 million from a donor during his unsuccessful campaign for Philadelphia mayor. He later repaid part of the loan by using funds from charitable and federal grants he received through his nonprofit. Other reports indicate that the Justice Department believes Fattah used funds from his mayoral and congressional campaigns to help pay off his sons student loan debt. He then accepted bribes while trying to secure an ambassadorship or appointment to the U.S. Trade Commission for former Philadelphia Deputy Mayor Herbert Vederman. As if all of that werent enough, the indictment also revealed that Fattah agreed to help award federal grant money to a political consultant, if he would forgive a $130,000 campaign debt. What do you think? You are the company you keep, and this doesnt look good for Obama. 