Wednesday, September 10, 2008

Fannie Mae and Freddie Mac Invest in Democrats

Enron is a Saint Compared to Fannie Mae and Freddie Mac. Who Cares?
Not the Media.

OpenSecrets has analyzed some of the funding:

Fannie Mae and Freddie Mac have also strategically given more contributions to lawmakers currently sitting on committees that primarily regulate their industry. Fifteen of the 25 lawmakers who have received the most from the two companies combined since the 1990 election sit on either the House Financial Services Committee; the Senate Banking, Housing & Urban Affairs Committee; or the Senate Finance Committee. The others have seats on the powerful Appropriations or Ways & Means committees, are members of the congressional leadership or have run for president. Sen. Chris Dodd (D-Conn.), chairman of the Senate banking committee, has received the most from Fannie and Freddie's PACs and employees ($133,900 since 1989). Rep. Paul Kanjorski (D-Pa.) has received $65,500. Kanjorski chairs the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, and Freddie Mac and Fannie Mae are government-sponsored enterprises, or GSEs.


Top Recipients of Fannie Mae and Freddie Mac
Campaign Contributions, 1989-2008

Name

Office

Party/State

Total

1. Dodd, Christopher J

S

D-CT

$133,900

2. Kerry, John

S

D-MA

$111,000

3. Obama, Barack

S

D-IL

$105,849

4. Clinton, Hillary

S

D-NY

$75,550

5. Kanjorski, Paul E

H

D-PA

$65,500

6. Bennett, Robert F

S

R-UT

$61,499

7. Johnson, Tim

S

D-SD

$61,000

8. Conrad, Kent

S

D-ND

$58,991

9. Davis, Tom

H

R-VA

$55,499

10. Bond, Christopher S 'Kit'

S

R-MO

$55,400

Who's responsible for the Fannie and Freddie Failure? Congress

Who's holding them accountable? Mark Levin You should listen to his Sept 9, 2008 Podcast. It's free. It reveals names of some of those that are taking taxpayer money. Enron was a drop in the bucket compared to Fannie Mae and Freddie Mac.

September 9, 2008

On Tuesday’s Mark Levin Show: Mark calls for a full fledged investigation on the Fannie Mac situation. Why don’t you hear about this from Congress - they used to be so concerned about Enron and Halliburton. Yet, this is a huge scandal and you aren’t hearing anything about it! This is crony capitalism at its finest!
Where are the hearings and investigation? Don't hold your breath.

Where is the Enron Media? In the Tank.

Why? Waiting for your Comments.

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