Wednesday, September 17, 2008

Fanny, Freddie, and Barry‏

WIZBANGBlog reminds us of something that the MSM just won't talk about; the Freddie and Fannie tie in with Obama. Just the facts.
....two of his top economic advisers have some pretty darned good connections with those two.

Franklin Raines worked at Fannie Mae for years, rising to vice-chairman until Bill Clinton tapped him to head up the Office of Management and Budget. Raines returned to head Fannie Mae in 1999, staying until he "retired" in 2004 amid allegations of accounting irregularities and the revelation that he had received a sweetheart mortgage deal from Countrywide.

Jim Johnson preceded Raines at Fannie Mae, where he had run the company as chairman from 1991 to 1998. Johnson served on Barack Obama's vice-presidential search committee until it was revealed that he, too, had gotten sweetheart loans from Countrywide.
Follow the money.
Sen. Obama has received $105,849 from donors tied to the companies since he ran for the senate four years ago, making him the third-largest recipient in Congress among the top 25 listed in a recent report by the Center for Responsive Politics, which examined contributions dating to 1989.

Sen. McCain wasn't listed in the report, and proponents of overhaul say lobbyists have tried unsuccessfully to win him over.
And let's look at that list a bit closer; I like Top 5 lists.

TheCampaingSpot has a good idea for an add.
"When the highly-paid CEOs of Fannie Mae and Freddie Mac felt reformers closing in, they needed a defender. They knew where to send their money. The Banking Committee Chairman Chris Dodd... and Barack Obama. They gave Obama more than $126,000, in less than four years. While Fannie and Freddie was running aground, Dodd, Obama, and Congress looked elsewhere. Ask yourself who can really bring change to Washington, and keep our financial system from running aground."

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