Barack Obama's Fannie Mae/Freddie Mac Connection
FYIS_™
Lehman Brothers collapse is traced back to Fannie Mae and Freddie Mac, the two big
mortgage banks that got a federal bailout a few weeks ago.
Freddie and Fannie used huge lobbying budgets and political contributions to keep
regulators off their backs.
A group called the Center for Responsive Politics keeps track of which politicians get
Fannie and Freddie political contributions. The top three U.S. senators getting big
Fannie and Freddie political bucks were Democrats and No. 2 is Sen. Barack Obama.
Now remember, he's only been in the Senate four years, but he still managed to grab
the No. 2 spot ahead of John Kerry — decades in the Senate — and Chris Dodd, who is
chairman of the Senate Banking Committee.
Fannie and Freddie have been creations of the congressional Democrats and the Clinton
White House, designed to make mortgages available to more people and, as it turns out,
some people who couldn't afford them.
Fannie and Freddie have also been places for big Washington Democrats to go to work in
the semi-private sector and pocket millions. The Clinton administration's White House
Budget Director Franklin Raines ran Fannie and collected $50 million. Jamie Gorelick —
Clinton Justice Department official — worked for Fannie and took home $26 million. Big
Democrat Jim Johnson, recently on Obama's VP search committee, has hauled in millions
from his Fannie Mae CEO job.
Now remember: Obama's ads and stump speeches attack McCain and Republican policies for
the current financial turmoil. It is demonstrably not Republican policy and worse, it
appears the man attacking McCain — Sen. Obama — was at the head of the line when the
piggies lined up at the Fannie and Freddie trough for campaign bucks.
Sen. Barack Obama: No. 2 on the Fannie/Freddie list of favored politicians after just
four short years in the Senate.
Next time you see that ad, you might notice he fails to mention that part of the
Fannie and Freddie problem.
http://www.foxnews.com
DanlK
o Asked if he would vote for Obama, he replied, "I already have a savior; I will vote
for a president."
FYIS_™
news:H-SdnaieV_47rU3V...@comcast.com...
All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008
Name Office State Party
Grand Total Total from PACs Total from Individuals
Dodd, Christopher J S CT D
$165,400 $48,500 $116,900
Obama, Barack S IL D
$126,349 $6,000 $120,349
Kerry, John S MA D
$111,000 $2,000 $109,000
McCain, John S AZ R
$21,550 $0 $21,550
http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html
Putt
Heck Dan, it is still gonna be "Bush's fault"..
The CEO and the CFO were both in the Clinton
administration...
Putt...
Ron Ford
> Lehman Brothers collapse is traced back to Fannie Mae and Freddie Mac, the two big
> mortgage banks that got a federal bailout a few weeks ago.
Dan, is it not the object of every "capitalist" venture to have the govt
pick up the tab if it goes south?
--
Have you ever watched a crab on the shore crawling backward in search of
the Atlantic Ocean, and missing? That's the way the mind of man operates.
H. L. Mencken
Ouroboros_Rex
> Tuesday, September 16, 2008
> Lehman Brothers collapse is traced back to Fannie Mae and Freddie
> Mac, the two big mortgage banks that got a federal bailout a few
> weeks ago.
> Freddie and Fannie used huge lobbying budgets and political
> contributions to keep regulators off their backs.
>
> A group called the Center for Responsive Politics keeps track of
> which politicians get Fannie and Freddie political contributions. The
> top three U.S. senators getting big Fannie and Freddie political
> bucks were Democrats and No. 2 is Sen. Barack Obama.
Hmm, wonder what he did to get that?
>
> Now remember, he's only been in the Senate four years, but he still
> managed to grab the No. 2 spot ahead of John Kerry — decades in the
> Senate — and Chris Dodd, who is chairman of the Senate Banking
> Committee.
For doing what?
>
> Fannie and Freddie have been creations of the congressional Democrats
> and the Clinton White House, designed to make mortgages available to
> more people and, as it turns out, some people who couldn't afford
> them.
Yes, welcome to republican deregulation. lol
>
> Fannie and Freddie have also been places for big Washington Democrats
> to go to work in the semi-private sector and pocket millions. The
> Clinton administration's White House Budget Director Franklin Raines
> ran Fannie and collected $50 million. Jamie Gorelick — Clinton
> Justice Department official — worked for Fannie and took home $26
> million. Big Democrat Jim Johnson, recently on Obama's VP search
> committee, has hauled in millions from his Fannie Mae CEO job.
So what did Obama do?
>
> Now remember: Obama's ads and stump speeches attack McCain and
> Republican policies for the current financial turmoil. It is
> demonstrably not Republican policy and worse, it appears the man
> attacking McCain — Sen. Obama — was at the head of the line when the
> piggies lined up at the Fannie and Freddie trough for campaign bucks.
For doing what?
>
> Sen. Barack Obama: No. 2 on the Fannie/Freddie list of favored
> politicians after just four short years in the Senate.
And he did what to get there?
>
> Next time you see that ad, you might notice he fails to mention that
> part of the Fannie and Freddie problem.
In other words, you've got no quid pro quo to mention and thus no scandal.
Another republican "knew somebody" fake hit piece.
Incorrect link. Hiding the identity of the author?
Amused
news:gaSdnTAnjeQT3UzV...@giganews.com...
> FYIS_T wrote:
>> Tuesday, September 16, 2008
http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html
Ouroboros_Rex
Thanks much, fascinating comments...
September 16, 2008 10:27 PM | olmsted said:
Figured out why the data doesn't match.
The person who compiled this data apparently didn't search the FEC site for
the individual donors' names, and probably simply did blanket searches for
"Freddie" and "Fannie".
If you search the FEC for "Geoffrey T. Boisi", a Director of Freddie Mac,
you will see exactly where the NYT got their data. In fact, Boisi has
contributed $72,400 to McCain since 2007.
Yet this data is conveniently omitted from the above.
September 16, 2008 8:53 PM | olmsted said:
This data is completely bull.
According to the New York Times, John McCain received $70,100 from Geoffrey
T. Boisi, Director of Freddie Mac. Yet this contribution is not included in
this data. There are a further $90,000 of contributions to John McCain in
the NYT data, also omitted from this list.
http://graphics8.nytimes.com/images/2008/09/10/us/politics/10fannie.graphic.jpg
Ron Ford
This is your thing, O R. Way to sleuth.
You knew it had to be wrong when the McCain number was zero from PACs.
I think it's funny how McCain gets around his own election-finance laws.
What a fraud.
--
The urge to save humanity is almost always only a false-face for the urge
to rule it.
H. L. Mencken
Ouroboros_Rex
Heck, all I did was read the entire thing. The Gang that Couldn't Shoot
Straight here has an embarrassing habit of posting links that contain their
comeuppance, it's always worth it to scroll down just in case. ;)
Ron Ford
>>> This data is completely bull.
>>>
>>> According to the New York Times, John McCain received $70,100 from
>>> Geoffrey T. Boisi, Director of Freddie Mac. Yet this contribution is
>>> not included in this data. There are a further $90,000 of
>>> contributions to John McCain in the NYT data, also omitted from this
>>> list.
>>>
>>> http://graphics8.nytimes.com/images/2008/09/10/us/politics/10fannie.graphic.jpg
>>
>> This is your thing, O R. Way to sleuth.
>>
>> You knew it had to be wrong when the McCain number was zero from PACs.
>>
>> I think it's funny how McCain gets around his own election-finance
>> laws. What a fraud.
>
> Heck, all I did was read the entire thing. The Gang that Couldn't Shoot
> Straight here has an embarrassing habit of posting links that contain their
> comeuppance, it's always worth it to scroll down just in case. ;)
I've started to realize how central it is to the repug brand that they
can't do anything except wallow in the federal trough.
They can't write. They can't quote. They get half-truths. Incompetence
is a virtue for them.
--
A Sunday school is a prison in which children do penance for the evil
conscience of their parents.
H. L. Mencken