click link for full story
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!