Follow the Money: How Fannie Mae Bought the Democrat Party

The collapse of government backed mortgage giants Fannie Mae and Freddie Mac caused the financial crisis now gripping the American economy. Who is to Blame? How did it happen? Follow the money. Senator Chris Dodd (D-CT), Chairman of the Senate Committee overseeing Fannie and Freddie received $165,400 in contributions from individuals and PACS for both mortgage giants since 1989. That's over $8,000 per year. But Obamas cash card is much better: Since taking office in January 2005 hes amassed over $126,000. Thats roughly $32,000 PER YEAR! Also along for the ride: Kerry, John $111,000 Reid, Harry $77,000 Clinton, Hillary $76,050 Pelosi, Nancy $56,250 Frank, Barney $42,350 Durbin, Dick $23,750 Schumer, Charles D $24,250 Is it any wonder that the 2005 reforms Senator McCain championed never passed? If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole. John McCain, May 26, 2005 Follow the money!

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: hiltonhead

Length: 01:20
Rating: 4.68
Views: 23197

Tags: Contributions  Democrats  Fannie  Mae  Obama  

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