How did Obama get money from Fannie Mae?
Posted by admin | Under Fannie Mae Saturday Nov 29, 2008How did he get money from Fannie Mae? Has it been proven?
ok…..why does the mcBush campaign have a record setting number of lobbyst running it including over a dozen that lobbied for fannie and freddie?
and also why does the mcbush campaign have so many people running it that were part of the abysmally failed Bush administration??
answer these….and you may have a chance….
lol
It was given to him as so-called “campaign contributions.” Yes, it has been proven and documented.
References :
http://www.opensecrets.org/news/2008/07/top-senate-recipients-of-fanni.html
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he patted her fannie.
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She willed it to him ..
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ok…..why does the mcBush campaign have a record setting number of lobbyst running it including over a dozen that lobbied for fannie and freddie?
and also why does the mcbush campaign have so many people running it that were part of the abysmally failed Bush administration??
answer these….and you may have a chance….
lol
References :
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=75586
from 1989 to 2008, Dodd received $165,400 in Fannie Mae and Freddie Mac campaign contributions, including contributions from PACs and individuals, followed by Obama, who received $126,349 in such contributions since being elected to the Senate in 2004.
A review of Federal Election Commission records back to 1989 reveals Obama in his three complete years in the Senate is the second largest recipient of Freddie Mac and Fannie Mae campaign contributions, behind only Sen. Christopher Dodd, D-Conn., the powerful chairman of the Senate banking committee
that enough or would you like more, my search bar brought up plenty when i typed in “obama’s link to fannie mae”
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It is just as likely as any of the accusations at McCain. I would say this, Obama knows McCain has been saying this about him. If what McCain said was a lie, Obama’s campaign would have released a statement pointing out that what he says is not true. They haven’t tho. Which makes it hard to believe other wise. so is it proven, no, but is it likely, yes.
References :
They lobbied Obama and paid him. Fannie Mae became a 16.2 million dollar lobbyist for campaigns for Democratic Congress
Fannie Mae headquarters in Washington, D.C.
NEW YORK – Campaign contributions from Fannie Mae and Freddie Mac made to Barack Obama may backfire if the Democratic presidential hopeful wages an aggressive campaign to cast blame on rival John McCain and the Republicans in Congress for the mortgage-related losses that forced the U.S. Treasury to take over the quasi-governmental mortgage giants.
A review of Federal Election Commission records back to 1989 reveals Obama in his three complete years in the Senate is the second largest recipient of Freddie Mac and Fannie Mae campaign contributions, behind only Sen. Christopher Dodd, D-Conn., the powerful chairman of the Senate banking committee. Dodd was first elected to the Senate in 1980.
According to OpenSecrets.com, from 1989 to 2008, Dodd received $165,400 in Fannie Mae and Freddie Mac campaign contributions, including contributions from PACs and individuals, followed by Obama, who received $126,349 in such contributions since being elected to the Senate in 2004.
In contrast, McCain warned of the coming mortgage crisis as he pressed in 2005 for regulatory reform of Fannie Mae and Freddie Mac.
“For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac – known as government-sponsored entities or GSEs – and the sheer magnitude of these companies and the role they play in the housing market,” McCain said on the floor of the Senate in 2005, speaking in favor of the Federal Housing Enterprise Regulatory Reform Act of 2005.
McCain pointed out Fannie Mae’s regulator had stated the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.
The bill passed the House but was never brought up for a vote in the Senate, largely because of Democratic opposition to change in the Fannie Mae and Freddie Mac regulatory structure that remained in place until the Treasury takeover two weeks ago.
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By Jerome R. Corsi
© 2008 WorldNetDaily