Hint: it wasn’t Republicans.
Not surprising, considering that the top five recipients of campaign contributions from Fannie and Freddie were — shockah — Democrats! 17 out of the 25 top recipients were Democrats. No wonder they weren’t willing to reform Fannie Mae and Freddie Mac. It would’ve killed their cash cows.
And, surprise surprise, look who’s sitting pretty at number three. And that’s not even with a full term in the Senate completed yet. Imagine that. And, as Gateway Pundit points out, Fannie Mae chairman Jim Johnson is still advising Obama. Change we can believe in? Don’t count on it.
Every time majority Republicans tried to pass legislation to reform Fannie and Freddie, Democrats blocked it. Now we’re seeing the repercussions of their actions. Yet — unsurprisingly, if I may say — they refuse to take responsibility for their screw-up. They’re much more fond of finger-pointing and sticking taxpayers with the bill.
Hat Tip: Gateway Pundit
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[...] Fannie Ma and guess who was covering for them.Go here and find [...]
Cassie
The campaign donations is not as cut and dry as you make it sound. Freddie Mac employees gave the Obama campaign $126,349. But this is not from the actual corporation because corporations cannot give to candidates. So the list adds up contributions from Fannie and Freddie employees and their families. If you give $100.00 to a campaign and you work for JP Morgan then JP Morgan gets listed – even though they did not give the $100.00.
However – and this is interesting – The New York Times looked at contributions from Fannie and Freddie’s boards of directors and lobbyists, who are technically not employees. That analysis found Fannie and Freddie-related contributors gave $169,000 to John McCain and his related committees, compared with $16,000 to Obama and his related committees.
This info can be found at PolitiFact
http://www.politifact.com
Failure to tell this story properly was McCain’s biggest blunder of the debate. It’s not partisan to point out that Clinton caused this mess by demanding loans to low-income borrowers, and that Democrats blocked attempts for more control of F & F in 2003 and 2005.
[...] Maybe we can forgive Senator Dodd’s slip up, because he may have been distracted from counting the $133,000 he received from Freddie and Fannie. Either way, having Senator Dodd’s banking committee look [...]
[...] Democrat corruption got us into this mess. And if this bill passes, they’ll get away with it scot free. Taxpayers will be forced to foot the bill. Make sure to call all of the numbers listed above. They’re the ones that voted no last time and need to hold the line. Remind them of that. [...]
BREAKING: Bailout bill passes the Senate; roll call added…
Just watched it on CSPAN. 74 Yeas, 25 Nays. Roll call to come. UPDATE: Here you go: Now it’s back to the House for a vote on Friday. Republican opposition……
[...] Democrat corruption got us into this mess. And if this bill passes, they’ll get away with it scot free. Taxpayers will be forced to foot the bill. Make sure to call all of the numbers listed above. They’re the ones that voted no last time and need to hold the line. Remind them of that. [...]
[...] Quote by: RickSp LOL. You continue to ignore the facts. The whining is just silly. Anyone who claims that the House Republicans are so thinned skinned that they should go cry in the corner over a short and largely innoffensive speech obviously ignores the tactics that the Republican House members themeselves use, which are right out of Karl Rove’s playbook. I guess Rove was responsible for it, too, right? The Dark Overlord manipulating everyone so that this mess would happen? Cassy Fiano