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Obama took $105,849 from FANNIE MAE/FREDDIE MAC...

The federal government recently announced that it will come to the rescue of Freddie Mac and Fannie Mae, two embattled mortgage buyers that for years have pursued a lobbying strategy to get lawmakers on their side. Both companies have poured money into lobbying and campaign contributions to federal candidates, parties and committees as a general tactic, but they've also directed those contributions strategically. In the 2006 election cycle, Fannie Mae was giving 53 percent of its total $1.3 million in contributions to Republicans, who controlled Congress at that time. This cycle, with Democrats in control, they've reversed course, giving the party 56 percent of their total $1.1 million in contributions. Similarly, Freddie Mac has given 53 percent of its $555,700 in contributions to Democrats this cycle, compared to the 44 percent it gave during 2006.

Fannie Mae and Freddie Mac have al


Added: Sep-24-2008 
By: Hypnojive
Tags: obama, fannie mae, freddie mac, economy
Views: 11392 | Comments: 15 | Votes: 0 | Favorites: 0 | Shared: 7 | Updates: 0 | Times used in channels: 1
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