“Conscience of Fannie Mae”

Posted: September 18, 2008 in Politics

To tell you the truth, its the first minute or so of this video that caught my attention.

The CBC is nap-deep in this mess as well.

P.S. For the record, there are Democrats and Republicans on the list of those who received contributions from Fannie and Freddy.

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Comments
  1. Wizz says:

    Lets also take note that many of McCain’s top advisors TODAY were the ones writing those checks.

    McCain’s Fannie and Freddie Connections

    And other current McCain campaign staffers were the lobbyists receiving shares of that money. According to the Senate Lobbying Database, the lobbying firm of Charlie Black, one of McCain’s top aides, made at least $820,000 working for Freddie Mac from 1999 to 2004. The McCain campaign’s vice-chair Wayne Berman and its congressional liaison John Green made $1.14 million working on behalf of Fannie Mae for lobbying firm Ogilvy Government Relations. Green made an additional $180,000 from Freddie Mac. Arther B. Culvahouse Jr., the VP vetter who helped John McCain select Sarah Palin, earned $80,000 from Fannie Mae in 2003 and 2004, while working for lobbying and law firm O’Melveny & Myers LLP. In addition, Politico reports that at least 20 McCain fundraisers have lobbied for Fannie Mae and Freddie Mac, pocketing at least $12.3 million over the last nine years.

    For years McCain campaign manager Rick Davis was head of the Homeownership Alliance, a lobbying association that included Fannie Mae, Freddie Mac, real estate agents, homebuilders, and non-profits. According to Politico, the organization opposed congressional attempts at regulation of Fannie and Freddie, along the lines of what John McCain is currently proposing. In his capacity of president of the group, Davis went on record in 2003 and insisted that no further reform of the lenders was necessary, in contradiction to his current boss’s sentiments. “[Fannie and Freddie] are subject to an innovative and stringent risk-based capital stress test,” Davis wrote. “The toughest in the financial services industry.”

  2. Duane says:

    Wizz,

    Did not not just say that both Democrats and Republicans were involved in this mess? Just pointing out McCain or jus Obama (as they did in this video) doesn’t make one more or less right than the other.

  3. Wizz says:

    I didn’t accuse you of anything… I just provided a link showing McCain is knee deep in the situation which I hadn’t seen yet on your site… I wasn’t even providing the info for you because I’m sure you already knew this, but for others who may not have. You provided info and so did I.

  4. Duane says:

    I just provided a link showing McCain is knee deep in the situation which I hadn’t seen yet on your site

    Don’t you think that grown folks already know how to find out that information if they wanted to? You did.

    Naw man. This was not a community service move on your part.

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