Kit Robert
Posted on Thursday, March 4th, 2010 at 11:53 pm
What is up with this?
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
Chris Dodd is the chairman of the committee that is supposed to over see Fannie and Freddie. Seems to me that not only taking contributions from the very companies you are supposed to over see is a huge conflict of interest. Not to mention that he is the top recepient of campaign donations from these companies.
Jim Johnson, disgraced former CEO of Fannie, was Obama’s vice presidential search chairman, at least until he resigned under fire due to his role in providing subsidized sweetheart loans to Democratic Senators (including Obama) during his stint at CountryWide but is still an economic advisor for Obama.
Franklin Raines, who participated in the accounting scandals to fix Fannie’s books and deliver unwarranted bonuses to its top executives, is a top Obama adviser.
Corrupt “Community Organizer” organization ACORN, an institutional ally of Barack Obama, lobbied Freddie and Fannie to extend even more risky loans to credit-poor borrowers in the interest of ending “racial redlining.” But they didn’t end “racial redlining.” What they ended was any credit-checking at all, as subprime mortgage providers simply stopped verifying self-reported claims of income and in fact ended even the most basic prudential element of a mortgage — the down payment.
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