Quote:
Originally Posted by aceventura3
Who was Fannie Mae/Freddie Mac donating to? Why, what did they get in return?
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Fannie and Freddie pacs have contributed $millions to both parties for years...and to both candidates this year.
Here are some other interesting facts about Fannie and Freddie:
Aquiles Suarez, listed as an economic adviser to the McCain campaign in a July 2007 McCain press release, was formerly the director of government and industry relations for Fannie Mae. The Senate Lobbying Database says Suarez oversaw the lending giant's $47,510,000 lobbying campaign from 2003 to 2006.
According to the Senate Lobbying Database, the lobbying firm of Charlie Black, one of McCain's top aides, made at least $820,000 working for Freddie Mac from 1999 to 2004.
The McCain campaign's vice-chair Wayne Berman and its congressional liaison John Green made $1.14 million working on behalf of Fannie Mae for lobbying firm Ogilvy Government Relations. Green made an additional $180,000 from Freddie Mac.
Arther B. Culvahouse Jr., the VP vetter who helped John McCain select Sarah Palin, earned $80,000 from Fannie Mae in 2003 and 2004, while working for lobbying and law firm O'Melveny & Myers LLP
McCain's Fannie and Freddie Connections
At least 20 McCain fundraisers have lobbied on behalf of Fannie Mae and Freddie Mac, netting at least $12.3 million in fees over the past nine years.
Fannie, Freddie spent $200M to buy influence
So...what's your point ace?
I think we need serious comprehensive lobbying reform. The reform that the Congress enacted last year...the first time in years...was only a small step.....and McCain (along with 13 fellow Republicans) voted against it.