Tuesday, September 16, 2008

Guess who is IS THE SECOND BIGGEST RECIPIENT OF FANNIE MAE/FREDDIE MAC, MONEY?

According to OpenSecrets.org, Barack Obama was the second largest recipient of political contributions from recently bailed-out, quasi-government lenders Fannie Mae and Freddie Mac.

The first? Connecticut Senator Chris Dodd.

According to OpenSecrets.org, recently bailed out Fannie Mae and Freddie Mac gave $4.8 million to lawmakers - 57% to Democrats between - 1989 and 2008.

Chris Dodd took in $165,400.

Barack Obama raked in $126,349 -- nearly 6 times what his opponent, John McCain took from Fannie and Freddie.

It took McCain all 20 years to take in $21,550 in pork from F+F; an average of $1,078/yr.

Barack Obama swallowed up $126,349 in one fifth the time, for an average payout from F+F of $31,587/yr.

Also: Lehman Brothers

Since 1989, bankrupt Lehman Brothers's employees and political action committee have given $9.2 million to federal candidates, parties and political action committees, with 54 percent of that going to Democrats.

In the current Congress, 271 lawmakers have collected nearly $3 million since 1989, with 72 percent going to Democrats. Democratic presidential candidates and senators Hillary Clinton and Barack Obama top the list of all-time recipients for the company, collecting $410,000 and $395,600 respectively.

Sen. Charles Schumer, D-N.Y., a member of both the Senate Banking, Housing and Urban Affairs Committee and the Senate Finance Committee, hauled in $181,450, while Sen. Chris Dodd, chair of the Senate banking committee, has collected $165,800.

5 Comments:

At 5:58 PM, Anonymous Anonymous said...

As a stupid, high school educated, common person... born and raised in America... I saw this coming 3 - 4 years ago, when we had Barney Frank, Chris Dodd, Chuckie Schoomer, Hillary Clinton, and the other clowns in Congress, demanding the banking industry stop redlining practices because they were discriminatory. THEY all said everyone should be able to afford a home, and if something was not done, there would be penalties on the banking industry. Low and behold we get the so called NINJA loans. No income verification, no job required, no credit checks, no social security number verifications; thus we now have illegals who had, or have Fannie Mae/Freddie Mac loans. And what do we have these clowns doing now? Pointing the finger at George Bush, it's all his fault!!!! There maybe a majority of fools in this country that believe you ass clowns, including Joe Biden and Osama Barrack... BUT, I ain't ONE of them!! The failure of the banking system in this country falls in the lap of the Democrats, not George Bush. You fools..

 
At 6:13 PM, Anonymous Anonymous said...

John Heinz-Kerry was ass clown number 3 on the list! This appears to be a list of Democrat's and RINO's in congress, including RINO McCain!

http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html

 
At 6:55 PM, Anonymous Anonymous said...

Did you see the latest from the Democrat's, 18 September? Now they are working on a plan to give gas stamps, to people receiving food stamps!!! I can't believe we the people are'nt marching with pitchforks to Washington, and tar and feathering these people! I have to work to pay for these food, and now gas stamps; guess that explains why... Send them back on vacation, with bonuses right now before they screw something else up...

 
At 8:22 PM, Anonymous Anonymous said...

I work at a college and do outprocess interviews, informing students of their total student loan, and monthly payments on their Sallie Mae student loans. I have some that owe over 100K, and payments of $3,000 a month. First thing I hear, is I can't afford that, I'll be living with my parents forever... I'm voting for Obama because he's going to do something about student loans. I shouldn't have to pay that back! These must be the kids of parents living in the $600,000.00 homes they couldn't afford, with no income verification, etc. Just watch.. They'll be bailing Fannie Mae out next, to cover these graduates with Masters degrees; and here I dropped out of the local community college, and work for $10.00 an hour, because I didn't want a student loan debt.

 
At 11:19 AM, Anonymous Anonymous said...

Why the bailout is wrong. CNN news commentary with Harvard professor.

http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html?iref=mpstoryview

What really ticks me off is Barney Frank from NY, and Christopher Dodd, from CT, two of the congressman that created this Fannie and Freddie fiasco, are in charge of fixing the problem! They need to resign from congress, return to NY and CT and hang their heads in shame! Ohhh, I forgot… it’s all George Bush’s fault and the Republicans that refuse to compromise….

 

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