Obama's Financial Advisor Oversaw Fannie Macs Fall

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    Obama's Financial Advisor Oversaw Fannie Macs Fall


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    Connections between Fannie Mae, Freddie Mac and the Democrats

    “Speaking of stinking fish….”

    By William R. Mann Thursday, September 18, 2008

    Hold on! Wait just a minute…

    Furthermore, Fox News’ John Gibson also reminded us yesterday of the powerful connections between Fannie Mae, Freddie Mac and the Democrats ... including guess who? ... Mr. Obama. [2- Fox News article below]

    Put this into further perspective: We now hear that there were, reportedly, very large campaign contributions to Obama, as reported by John Gibson on Fox News, 16 September 2008 to members of Congress including Barney Frank, D-MA. [3-Fox News on YouTube below]

    I think we ought to make this play out. As Mr. Obama has recently reminded us, “You can wrap an old fish in a piece of paper called ‘change, it’s still gonna stink after eight years.” In this case, it has taken a scant five years, and it smells like they were very profitable years for Mr. Obama and others indeed.

    On the campaign trail in Vienna, Ohio: “McCain pointed to his expressions of concern two years ago over proper oversight of Fannie Mae and Freddie Mac, the government-backed private lending giants that federal officials took over last week to prevent their collapse. ‘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,’ he said in May 2006.

    ‘He talks a tough game on the financial crisis, but the facts tell a different story,’ McCain said at a rally in Vienna, Ohio. ‘Senator Obama took more money from Fannie Mae and Freddie Mac than anyone but the chairman of the committee they answer to. And he put Fannie Mae’s CEO, who helped create this problem, in charge of finding his vice president. That’s not change, that’s what’s broken in Washington.’ “ [4-Boston Globe article below]

    And so here is also the double standard. Powerful Democrats clearly have had their hands out at this money trough, but claim that Republicans created the mess. John McCain has received paltry contributions from people in these agencies over his 20 plus years in the Senate. Compare this to what “The One,” Barack Obama, has raked in in just three short years!

     
  2. You have chosen to ignore posts from Mattyhorn. Show Mattyhorn's posts

    Obama's Financial Advisor Oversaw Fannie Macs Fall

    So...what's your point...??
     
  3. You have chosen to ignore posts from massmoderateJoe. Show massmoderateJoe's posts

    Obama's Financial Advisor Oversaw Fannie Macs Fall

    [Quote]So...what's your point...??[/Quote]

    Point,... the man of change surrounds himself with the very people he accuses McCain of associating with (although usually indirectly through his useless Bush more of McSame crap). In this particular point, McCain clearly was ahead of the curve of Freddie Mac & Fannie Mae calling for reform 2 years ago all the while Obama and the head of congressional committee received lots of $$ from those folks that McCain wanted to oversee.

    Obama is just another politician (Wright got it Right) and will say what he has to to get by. So once you get him on the same playing field of other politicians all you see is his glearingly light resume for a preidential nominee.

    I was a little bored while on a useless conference call and it gave me something to do and it was also just an opportunity to counter some Kirk-6 BS

    ps, welcome back to the board BTW
     
  4. You have chosen to ignore posts from cuchalain. Show cuchalain's posts

    Obama's Financial Advisor Oversaw Fannie Macs Fall

    [Quote]lets not forget that MCCAIN has receive $169,000 from freddie and fanny executives and lobbist and obama has only got $16,000. mccain should have been able to do something with all the experience he has and his great ability to REACH ACROSS THE ISLE. BUt instead blames obama for the problem who has only been in the senate for 2years not 30..

    I love this election it is almost better then football :-)[/Quote]

    you got that almost exactly backwards, buckwheat. It's Obama who received over $100K and Mccain who received about $20k.

    nice try though, well, not really.
     
  5. You have chosen to ignore posts from TomSinMA. Show TomSinMA's posts

    Obama's Financial Advisor Oversaw Fannie Macs Fall

    McCain's Fannie and Freddie Connections:

    http://www.motherjones.com/mojoblog/archives/2008/09/9663_mccain_fannie_freddie.html

    The people KNOW who is responsible for this disaster! They will vote accordingly in Nov. Personally, I think the "conservative" revolution is as dead as the deregulation era.
     

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