Tuesday, September 16, 2008

Freddie Mac And Fannie Mae debacle

Just to set the record straight for all those who think it's the Bush Administration's fault for all the Wall Street mess-

The Clinton Administration founded Freddie Mac and Fannie Mae as a partial government assisted financial agency. This agency was designed to make mortgages more readily available to people who would otherwise not be able to get a loan for a home. As you can imagine, top Democrat officials have received huge benefits from working with these mortgage giants. Jim Johnson, Jaime Gorelick (26M), Franklin Raines-Clinton Budget Director (50M) all received enormous sums from these companies, yet we don't hear a peep from the mainstream media about this. Wonder why??

The top senators who received money from Freddie and Fannie are Chris Dodd (167K), John Kerry, and none other than Mr. Barack Hussein Obama (126K). This is after just FOUR years in the senate. Pot calling the kettle black, Mr. Obama? If you haven't noticed, Obama is blaming McCain for being a part of the lobbyists in Washington. In his career, McCain has taken 20K from Fannie and Freddie. I wonder who is in bed with these company's?? Based on the donations, Obama seems to be.