Obama The Second Biggest Recipient Of Fannie Mae/Freddie Mac Money

  •  September 15, 2008
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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? Senator Chris “VIP Loans” Dodd (Dodd’s buddy Kent “I call the CEO when I want a loan” Conrad rounded out the top 15).
Isn’t it a bit disturbing that the man who could be our next President took tens of thousands of dollars in contributions from one of the biggest boondoggles in the history of American government?

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20 Responses to “Obama The Second Biggest Recipient Of Fannie Mae/Freddie Mac Money”

  1. ollie-B on September 15th, 2008 at 4:07 pm

    It doesn’t matter. McCain contributed from Fannie and Freddie also.

    McCain, John S AZ R $21,550 $0 $21,550

    Why are you keeping this a secret?

  2. charles on September 20th, 2008 at 5:14 pm

    Democrats created the Fannie Mae and Freddie Mac problems years ago, in a well intentioned but failed effort to allow low income groups to buy houses. They stopped ALL eforts at reform until it was too late. Now they are trying to blame Bush, McCain and Republicans, everyone but themselves. That’s the Gods truth and here is the proof:
    http://strategicthought-charles77.blogspot.com/2008/09/democrats-created-fannie-mae-and.html

  3. Joel on September 16th, 2008 at 5:19 am

    Rob,
    How many Freddie and Fannie execs are working for McCain?
    watashiwa on September 16, 2008 at 10:05 am

    NONE

    But…when you look at Obama’s economic advisers, the guys he has counted on from day one and who have raised him a ton — and I mean a ton — of money: Franklin Raines and Jim Johnson, you realize that both of them are waist to neck deep in the mortgage scandal.

    Both Raines and Johnson have served as CEO of Fannie Mae, with Raines taking over from Johnson. Both are key political and economic advisers to Obama.

  4. Kevin on September 15th, 2008 at 5:22 am

    Sen. Gaylord Conrad even invested in Fannie & Freddie!

  5. RBB's conscience on September 15th, 2008 at 6:54 am

    Here are the Keating Five

    Alan Cranston (D-CA)
    Dennis DeConcini (D-AZ)
    John Glenn (D-OH)
    John McCain (R-AZ)
    Donald W. Riegle (D-MI)

    All those “D”s will keep it from becoming an election item in the MSM

  6. crshedd on September 15th, 2008 at 7:02 am

    my question is, so what?

    mccains biggest donor is the PAC, its individual members or employees or owners, and those individuals’ immediate families of Merrill Lynch.

    http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00006424.

    should we make negative associations from that also?

  7. goon on September 15th, 2008 at 6:26 am

    Isn’t it a bit disturbing that the man who could be our next President took tens of thousands of dollars in contributions from one of the biggest boondoggles in the history of American government?

    Seems a bit unethical if you ask me.

  8. proof_positive on September 16th, 2008 at 2:47 am

    McCain after all those years in Congress was about 70th on the list. Obama in just three years made the top two!
    Now, THAT’S CHANGE YOU CAN BELIEVE IN! Heh.

  9. goon on September 15th, 2008 at 9:11 am

    Isn’t it a bit disturbing that the man who could be our next President took tens of thousands of dollars in contributions from one of the biggest boondoggles in the history of American government?

    You mean NOBAMA?

  10. realitybasedbob on September 15th, 2008 at 6:36 am

    Isn’t it a bit disturbing that the man who could be our next President took tens of thousands of dollars in contributions from one of the biggest boondoggles in the history of American government?

    Image and video hosting by TinyPic

    In John McCain’s America, any politician who accepts a large contribution or gift from a donor, and then takes steps consistent with the donor’s interests — even though there is no legal quid pro quo — is corrupt.

    Well, then, by his own standard, McCain is corrupt.

    McCain was one of the so-called “Keating Five” senators.

    He was investigated by the Senate Select Committee on Ethics in 1991 regarding the acceptance of favors from Lincoln Savings & Loan Association (Lincoln) and its owner, Charles H. Keating, Jr.

    Simply put, the issue was whether McCain and the other senators used their official positions to attempt to pressure Federal Home Loan Bank Board officials to go easy on the troubled institution. Eventually Lincoln went bust, costing depositors and taxpayers millions.

    In its final report (November 20, 1991), here is what the Senate Select Committee on Ethics concluded about McCain’s conduct:

    “Mr. Keating, his associates, and his friends contributed $56,000 for Senator McCain’s two House races in 1982 and 1984, and $54,000 for his 1986 Senate race.

  11. goon on September 16th, 2008 at 7:10 am

    Why is it I hear a speech by NOBAMA talking about not taking money from PACS and then we find out he is taking money from Freddie and Fannie MAC? This seems to mean that BHO is talking out of both sides of his mouth…

  12. proof_positive on September 15th, 2008 at 5:49 am

    Isn’t it a bit disturbing that the man who could be our next President took tens of thousands of dollars in contributions from one of the biggest boondoggles in the history of American government?

    But, but, but…hope! Ch- ch- ch- change?

  13. CJBerg on September 15th, 2008 at 5:13 am

    Oh, haven’t you heard? Our wonderful ND Congressman (“don’t- have-a-clue-how-this-happened-Conrad” wink, wink), made an honest mistake? Give me a break Kent. The only advantage you have for your corruption, along with Obama and Dodd, is that you are all Democrates. Any Republican would be hanging from a sting today!

  14. Kenny on September 15th, 2008 at 9:08 am

    But Obama says he doesn’t take special interests…But…but…damnit I thought we were something special to him.

    Runs off weeping.

    /Sarcasm

  15. ollie-B on September 16th, 2008 at 5:05 am

    Rob,
    How many Freddie and Fannie execs are working for McCain?

  16. RBB's conscience on September 15th, 2008 at 6:48 am

    RB Boobie, you could have finished the article.

    From RB Boobie’s link:

    The Committee concludes that Senator McCain’s actions were not improper nor attended with gross negligence and did not reach the level of requiring institutional action against him.

  17. Zsa Zsa on September 15th, 2008 at 7:53 am

    Bill Clinton was a good friend of Keating wasn’t he?

  18. realitybasedbob on September 15th, 2008 at 6:51 am

    As our host left his supposition hanging, so did I.

  19. Harry on September 16th, 2008 at 1:53 am

    Just what Hussein needs is more slanderous, disturbing corrupt news.

  20. robport on September 15th, 2008 at 4:11 pm

    I’m keeping it a secret? Then how did you find it out! You’ve broken through the vast right wing conspiracy mind controls!

    /moron

    So McCain took 1/6th the money from Fannie Mae/Freddie Mac that Obama did. Big deal.

    How many former Freddie Mac/Fannie Mae executives are now working for OBama? Or did work for OBama before The One threw them under the bus when they became politically inconvenient?

    Riddle me that.

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