Fannie May , Freddie Mac greased the top Democrats 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 I wonder if this had any influence on Chris Dodd,chairman of the Senate banking committee? What were these fine Democrats doing besides nothing? Obama?
Fannie Mae and Freddie Mac Invest in Democrats Published by Lindsay Renick Mayer on July 16, 2008 5:27 PM | Permalink | Comments (9) (For an updated chart that includes contributions from Freddie Mac and Fannie Mae's PACs and employees to ALL lawmakers back to 1989, including to their leadership PACs, go here.) and data The federal government recently announced that it will come to the rescue of Freddie Mac and Fannie Mae, two embattled mortgage buyers that for years have pursued a lobbying strategy to get lawmakers on their side. Both companies have poured money into lobbying and campaign contributions to federal candidates, parties and committees as a general tactic, but they've also directed those contributions strategically. In the 2006 election cycle, Fannie Mae was giving 53 percent of its total $1.3 million in contributions to Republicans, who controlled Congress at that time. This cycle, with Democrats in control, they've reversed course, giving the party 56 percent of their total $1.1 million in contributions. Similarly, Freddie Mac has given 53 percent of its $555,700 in contributions to Democrats this cycle, compared to the 44 percent it gave during 2006. Please Register or Log in to view the hidden image! There are 6 Republicans in the comities and 19 Democrats Fannie Mae and Freddie Mac have also strategically given more contributions to lawmakers currently sitting on committees that primarily regulate their industry. Fifteen of the 25 lawmakers who have received the most from the two companies combined since the 1990 election sit on either the House Financial Services Committee; the Senate Banking, Housing & Urban Affairs Committee; or the Senate Finance Committee. The others have seats on the powerful Appropriations or Ways & Means committees, are members of the congressional leadership or have run for president. Sen. Chris Dodd (D-Conn.), chairman of the Senate banking committee, has received the most from Fannie and Freddie's PACs and employees ($133,900 since 1989). Rep. Paul Kanjorski (D-Pa.) has received $65,500. Kanjorski chairs the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, and Freddie Mac and Fannie Mae are government-sponsored enterprises, or GSEs. 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 11. Bachus, Spencer H R-AL $55,300 12. Shelby, Richard C S R-AL $55,000 13. Emanuel, Rahm H D-IL $51,750 14. Reed, Jack S D-RI $50,750 15. Carper, Tom S D-DE $44,389 16. Frank, Barney H D-MA $40,100 17. Maloney, Carolyn B H D-NY $38,750 18. Bean, Melissa H D-IL $37,249 19. Blunt, Roy H R-MO $36,500 20. Pryce, Deborah H R-OH $34,750 21. Miller, Gary H R-CA $33,000 22. Pelosi, Nancy H D-CA $32,750 23. Reynolds, Tom H R-NY $32,700 24. Hoyer, Steny H H D-MD $30,500 25. Hooley, Darlene H D-OR $28,750
Let's bring some truth to yet another thread by Buff that does not tell the whole truth. This is a link to a site disclosing the fannie mae and freddie contributions: http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html PAC contributions to Democrats and Republicans are basically the same about 1.5 million for each party. Where they differ is in employee contributions. Employee political donations favor the Demorcats by two two to one.
But to individuals, 19 Democrats, to 6 Republicans, and those Democrats are on the Committee's that regulate Fannie May , Freddie Mac, not general campaign contributions. The real story on corruption of the Democrats.
Yes and Obama recieved, the third largest campaign contrubition, from Fannie Mae and Freddie Mac, only behind, Christopher J Dodd S, D-Ct, and John Kerry, S D-MA. Sen. Chris Dodd (D-Conn.), chairman of the Senate banking committee. Sen. John Kerry, Long-term Growth and Debt Reduction committee. 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
Gee, I thought it was the Republican GOVERNMENT that bailed out Freddie and Fannie... Let's strike another one of Buffie's "let's shot ourselves in the foot" threads! Please Register or Log in to view the hidden image! P.S.: Or if you want to push it, then yes, there is not a dime difference between them.
Obama received 6k from Fannie Mae and Freddie Mae. That is signficantly below the average Fannie Mae Freddie Mac donation of 8k. As previously pointed out, the worker bees at Fannie Mae and Freddit Mac, like fellow worker bees across the nation, gave Obama 120k. Equating what the worker bees donate to what management donates is just sheer nonsense!
No it's not the Republican government that Bailed out Freddie and Fannie...it was the Democrats who wrote the Bill's, they are the one's who hold the chairmanships of the Committee's, and they are the ones who hold the majority in the House and the Senate, they just severed it up and the President signed it, and I don't agree with that. The House holds the purse strings, and the Chairman of the Committee's have received 100K plus of donations from Freddie and Fannie...and seem to really be taking care of them, a cheep buy if you ask me, the integrity of Democrats doesn't command a very high price.
Yea, Buff with the Dems hold the House and have a slim advantange (not a majority) in the Senate...it is their fault. Got news for you, The Federal Reserve is not funded by Congress. It is self funding. It does not require nor receive funding from Congress. It is technically owned by all member banks. Board governors are selected by member banks with the exception of the Chairman. The Chairman is appointed by the President. And it takes both the House and Sentate to pass a funding bill plus the signature of the president.
The president has veto power, so the Republicans are in control. "Bills" doesn't need an apostrophe, as it is plural not possessive.
I guess when a senator filibusters a bill then, they're in control too, huh ? Or how about when the party in control of the House of Reps or Senate prevents a bill from getting to the floor, they're in control too, huh ? It takes 2 to tango....
I love the, whirl wind spin, that they put on the truth about their own, Obama's right hand caught in the cookie jar, and his left in the can of red paint.
I'm okay with the bail outs. The US government has a vested interest in protecting Americans, even those in inefficient corporations. ~String
Especially as most of the people protected who are are stock holder's, are the average American, Worker, and Retired, and those trying to Retire, we are not the Fat Cat Stock Holder's, that Obama doesn't want to bail out, to not bail out the Stock holders hit us right in the retirement, and every hard working American right in the pocket book, and savings.
Isnt there other partys to choose from... Please Register or Log in to view the hidden image! C´mon, form a new party, its all set for certain victory, just ask Ron Paul to lead. But seriously, its the same shit here, smaller nation where everybody knows each other is easier to keep in "check", our thruth/no nonsense movement PerusSuomalaiset has been gaining ground and "media" (those whom decide) did try to do to party leader Soini same treatment what Ron Paul had, but like I said smaller nation, easier to see who is bullshitting or acting shady and they didnt dare make him invisible, result relatively big win, and now he is keeping in check the greasier ones, thats why I never will vote with tactics like voting some else than your first choice because of some third candidate, it would kill real discussion in politics.
Over the last 10 year period Obama received 120K in donations from Fannie Mae and Freddie Mac Pac and employees. Only 6k came from the PAC. And in this election Obama has refused Pac donations from all sources. When I send money to a candidate, my employer is also named. It does not mean in any way that my employer agrees with the candidate or supports the candidate. My employer does not influence my political opinions or donations. I know this is hard for you Buffie. but let's try to stick with honesty here.
I am being honest, and look at the information, Democratic Honor sell cheep. There is a tactic called bundling, and the Democrats are very good at it, and it still comes down to the fact, that the money came from Freddie and Fannie, and was used to buy influence, yes the PAC gave only $6,000.00 but individual contributions are $2,100 per election and each step is considered a separate election, the People who ran Freddie and Fannie, the Cooperate Heads could each give $6,300 a year, how many sat on the Boards of Fannie and Freddie, and would benefit by their campaign contribution, plus the PAC donations, ($2,100 to a candidate per election (primary, runoff and general elections are considered separate elections) Federal Campaign Finance Rules: What's Legal? Individuals May Give up to: $2,100 to a candidate per election (primary, runoff and general elections are considered separate elections) $5,000 per calendar year to a Political Action Committee (PAC) or State Party Committee that supports federal candidates A maximum of $10,000 per calendar year to State, District or Local Party Committees that support federal candidates A maximum of $26,700 per calendar year to a National Party Committee for the support of federal candidates A maximum of $101,400 during the two-year election cycle (2005-2006)--this total can consist of a maximum of $40,000 to all candidates for federal office and a maximum of $61,400 to all PACs and Party Committees that support federal candidates There is no limit on individual independent expenditures made in support or opposition of a candidate. Such expenditures many not be coordinated with a candidate and they are subject to special reporting requirements ($6,000 to a candidate per election (primary, runoff and general elections are considered separate elections) see table here: TABLE
