Jake Straw
I am about half through the Fannie/Freddie article regarding the basis of the housing debacle, collapse which is not over yet imo. If these people, politicians are not out of office they should be.
This is particularly of interest------contributions by Freddie and Frannie directly and by their employees to campaigns in from 1995 through 2008.
Of Interest from the article:
"Political Contributions — Personal Payola From 1995 – 2008, Democrats Chris Dodd, Barack Obama and John Kerry received more Fannie Mae money that any politician. Remarkably, Obama places as number two despite having been in the Senate less than four years, versus Kerry’s 23 and Dodd’s 34.
The top three recipients of Fannie Mae political contributions were #1 Chris Dodd (D-CT), the Democrat leader on the Senate Banking Committee responsible for Fannie Mae regulatory legislation; #2 Barack Obama (D-IL), an up and coming politician who, as one of Democrats’ few winners in the 2005 Congressional elections, was key to maintaining Democrats’ regulatory legislation – Mr. Obama also had deep ties to the local Chicago political machine from which ACORN, a major Fannie supporter, had become a powerful force in recent years; #3 John Kerry (D-MA) who nearly became President in 2004 and whose support would have been key in preventing investigations into Fannie’s illegal accounting that masked its central role in financial crisis.
As a quasi-governmental agency, Fannie’s official contributions, in form of PAC money, needed to be at least somewhat evenly spread between the parties. What made the Fannie political contributions so focused on key Democrats was the money given by senior Fannie executives who had, after all, been receiving millions in target-based compensation, and who were also directly knowledgeable of Fannie’s/their accounting being, as the SEC’s chief accountant put it, “off the page.” This list is really the most important indicator of linkage between what Fannie improprieties and Congressional individuals:"
If these people on this list are not out of office---------------they should be------beginning at the top
with Mr. Obama at the Top of the List.
Obama Must Go
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