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Sep 21 2008

Obama’s Fannie Mae Freddie Mac Connection

Published by allykat at 4:13 pm under economy, obama Edit This

“Lehman Brothers collapse is traced back to Fannie Mae and Freddie Mac, the two big mortgage banks that got a federal bailout a few weeks ago. Freddie and Fannie used huge lobbying budgets and political contributions to keep regulators off their backs. A group called the Center for Responsive Politics keeps track of which politicians get Fannie and Freddie political contributions. The top three U.S. senators getting big Fannie and Freddie political bucks were Democrats and No. 2 is Sen. Barack Obama”(foxnews.com).

Obama has these connections with Fannie Mae and Freddie Mac. Jim Johnson and former Fannie Mae chairman and CEO Franklin Raines are part of Obama’s advisors. Franklin Raines stepped down after a $6.3 billion accounting scandal, which Obama’s calls on for advice on mortgage and housing policy matters. Jim Johnson was on Obama’s VP search and made millions from his Fannie Mae CEO job.

Obama hired these people who were a big part of the team that brought down Fannie Mae to be on his campaign.
How come Obama has not fired these people yet? How can we trust Obama to help our economy when he hangs around people that would bring America and our economy down?

sources: Mcauleyworld, corner.nationalreview, NLPC 

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37 Responses to “Obama’s Fannie Mae Freddie Mac Connection”

  1. USA all the Way!on 21 Sep 2008 at 4:29 pm edit this

    Obama surrounds himself with crooks and killers!! First Bill Ayers as Obama’s mentor and political friend and now crooked advisers like Reines.

    Anyone that votes for Obama is voting for killer terrorists and crooked advisers to run this country.

  2. Seeker of the Truthon 21 Sep 2008 at 4:55 pm edit this

    We can blame Obama for ruining the economy already, taking payoffs from crooks like Reines and then hiring the crooked Reines to advise him on the economy. This is past stupid it is scary!

  3. threedegreeson 21 Sep 2008 at 5:36 pm edit this

    Jim Johnson stepped down in June. Here is an incomplete list of the members of the McCain staff that have previously worked for or lobbied on behalf of Fannie Mae and Freddie Mac

    Rick Davis: Campaign Manager

    Charlie Black: Senior Adviser

    Carlos Bonilla: Economic Adviser

    Arthur Culvahouse: HEADED VP SEARCH

    Doug Davenport: Regional Campaign Manager

    Julienna Glover-Weiss: Steering Comittee

    Other McCain Campaign staff with ties to Fannie n’ Freddie
    Mark Buse
    Nicholas Calio
    Alberto Cardenas
    David Crane
    Alfonse D’Amato
    Benjamin Ginsberg
    John Green
    Kate Hull
    James Hyland
    Aleix Jarvis
    Thomas Loeffler
    Peter Madigan
    Alison McSlarrow
    Susan Molinari
    John Napier
    Aquiles Suarez
    Don Sundquist
    William Timmons Sr

    That’s 3 out of every 10 of the 133 lobbyists working for the McCain campaign with ties ONLY to Fannie and Freddie. Big Oil, Tobacco, and the Pharmaceutical Industry, along with Defense Contractors and AIG round out the organizations most employed by McCain. Please, refrain from casting stones.

  4. USA all the Wayon 21 Sep 2008 at 9:00 pm edit this

    Obama is a racist that hates Whites, and Jews! He won’t denounce his associations with Ayers. He takes advice from Rienes. He goes to a Radical Church that hates whites and Jews, a Church that follows Louis Farrakhan, a man than openly admits he hates Whites and Jews. So if your white or Jewish or any other race accept Black then you are on the wrong side of Obama. Obama will destroy America with his hate and racism.

    http://husaria.wordpress.com/2008/02/26/obama-enables-anti-semitism-racism-hatred-of-israel/

    Obama’s Farrakhan Test

    Barack Obama is a member of Chicago’s Trinity United Church of Christ. Its minister, and Obama’s spiritual adviser, is the Rev. Jeremiah A. Wright Jr. In 1982, the church launched Trumpet Newsmagazine; Wright’s daughters serve as publisher and executive editor. Every year, the magazine makes awards in various categories. Last year, it gave the Dr. Jeremiah A. Wright Jr. Trumpeter Award to a man it said “truly epitomized greatness.” That man is Louis Farrakhan.

    Maybe for Wright and some others, Farrakhan “epitomized greatness.” For most Americans, though, Farrakhan epitomizes racism, particularly in the form of anti-Semitism. Over the years, he has compiled an awesome record of offensive statements, even denigrating the Holocaust by falsely attributing it to Jewish cooperation with Hitler — “They helped him get the Third Reich on the road.” His history is a rancid stew of lies.

    It’s important to state right off that nothing in Obama’s record suggests he harbors anti-Semitic views or agrees with Wright when it comes to Farrakhan. Instead, as Obama’s top campaign aide, David Axelrod, points out, Obama often has said that he and his minister sometimes disagree. Farrakhan, Axelrod told me, is one of those instances.

    Fine. But where I differ with Axelrod and, I assume, Obama is that praise for an anti-Semitic demagogue is not a minor difference or an intrachurch issue. The Obama camp takes the view that its candidate, now that he has been told about the award, is under no obligation to speak out on the Farrakhan matter. It was not Obama’s church that made the award but a magazine. This is a distinction without much of a difference. And given who the parishioner is, the obligation to speak out is all the greater. He could be the next American president. Where is his sense of outrage?

    Any praise of Farrakhan heightens the prestige of the leader of the Nation of Islam. For good reasons and bad, he is already admired in portions of the black community, sometimes for his efforts to rehabilitate criminals. His anti-Semitism is either not considered relevant or is shared, particularly his false insistence that Jews have played an inordinate role in victimizing African Americans.

    In this, Farrakhan stands history on its head. It was Jews who disproportionately marched for civil rights and, in Mississippi, died for that cause. Farrakhan and, in effect, Wright, despoil the graves of Michael Schwerner, Andrew Goodman and, of course, their black colleague James Chaney.

    I can even see how someone, maybe even Obama, could dismiss Farrakhan as a pest, a silly man pushing a silly cause that poses no real threat to the Jewish community. Still, history tells us that anti-Semitism is not to be trifled with. It is a botulism of the mind.

    The Obama and Clinton campaigns are involved in a tasteless tussle over the legacy of Martin Luther King Jr. What is clear from rereading King’s celebrated “I Have a Dream” speech of Aug. 28, 1963, is how inclusive that dream was — “all of God’s children, black men and white men, Jews and Gentiles, Protestants and Catholics, will be able to join hands and sing in the words of the old Negro spiritual, ‘Free at last! Free at last! Thank God Almighty, we are free at last!’ ”

    This, though, is not Farrakhan’s dream. He has vilified whites and singled out Jews to blame for crimes large and small, either committed by others as well or not at all. (A dominant role in the slave trade, for instance.) He has talked of Jewish conspiracies to set a media line for the whole nation. He has reviled Jews in a manner that brings Hitler to mind.

    And yet Wright heaped praise on Farrakhan. According to Trumpet, he applauded his “depth of analysis when it comes to the racial ills of this nation.” He praised “his integrity and honesty.” He called him “an unforgettable force, a catalyst for change and a religious leader who is sincere about his faith and his purpose.” These are the words of a man who prayed with Obama just before the Illinois senator announced his run for the presidency. Will he pray with him just before his inaugural?

    I don’t for a moment think that Obama shares Wright’s views on Farrakhan. But the rap on Obama is that he is a fog of a man. We know little about him, and, for all my admiration of him, I wonder about his mettle. The New York Times recently reported on Obama’s penchant while serving in the Illinois legislature for merely voting “present” when faced with some tough issues. Farrakhan, in a strictly political sense, may be a tough issue for him. This time, though, “present” will not do.

  5. Seeker of the Truthon 21 Sep 2008 at 9:03 pm edit this

    Take a loot at this site that with this headline:

    Obama Enables Anti-Semitism, Racism, Hatred of Israel

    http://husaria.wordpress.com/2008/02/26/obama-enables-anti-semitism-racism-hatred-of-israel/

  6. allykaton 21 Sep 2008 at 9:05 pm edit this

    ThreeDegrees - Please provide links to your so-called facts, otherwise they are not legitimate.

    Plus you are trying to go around the topic that Obama’s MAIN economic advisers were the CEO of Fannie Mae.
    Everybody that has borrowed a home loan is connected with Fannie Mae and Freddie Mac in someway.

  7. bill_fingeron 21 Sep 2008 at 9:33 pm edit this

    I used to get angry when I read this blog, now I just laugh. Why is every post now an attack on Barack Obama? Why do “Seeker of the Truth” and “USA All the Way” seem to respond to every post minutes after they’ve been published?

    Gay Jews for Obama!

  8. threedegreeson 21 Sep 2008 at 10:26 pm edit this

    Obama’s top economic advisers are Jason Fuhrman and Alan Goolsbee, neither of whom have ties to Fannie n’ Freddie. A simple Google search of “Jason Fuhrman” and “Fannie Mae” and “Freddie Mac” or “Alan Goolsbee” and FnF allowed me to discover that. Lexus Nexus came up empty as far as ties between the two are concerned as well.

    As far as who the lobbyists staffed by McCain, http://www.mccainsource.com provided half of that information. As I could not find a list of staffers from McCain’s website directly(for obvious reasons), I filed an inquiry through FOIA to obtain a list. You can do the same at http://www.firstamendmentcenter.org

    Your man is crooked, an adulterer, a misogynist, and a fraud. And his VP has a veritable closet full of whack job preachers herself.

    http://www.youtube.com/watch?v=PizrJLV30yI
    http://www.youtube.com/watch?v=L4LjsfWbZLA
    http://www.youtube.com/watch?v=L4LjsfWbZLA
    http://www.israelenews.com/view.asp?ID=3005
    http://www.jewsforjesus.com

  9. Seeker of the Truthon 24 Sep 2008 at 5:17 am edit this

    threedegrees needs to read this article below, I suggest the whole article on how the Dems and their Biased Media is trying to screw up the real story of Wall Street Demise.

    The dems and threedegrees tries to blame everyone that worked for Fanny Mae and Freedie Mac, but the real culprits that brought down the two institutions were their CEO’s which are closely connected to Obama and still advise him and work with him. They are the criminals that are now being investigated by the FBI. But instead their is a huge cover up by the Dems, just read the below article and you will see the whole truth and the cover up. I included and excerpt of the last two paragraphs below, but just click the link for the whole article.

    http://www.thebulletin.us/site/index.cfm?newsid=20134677&BRD=2737&PAG=461&dept_id=576361&rfi=8

    The bottom line is that Time puts two of its top writers to work to produce the cover story on the crisis and they tell only half the story, the half that makes Sen. McCain look bad and Sen. Obama look good. When the whole story is told, Sen. McCain looks like he was years ahead, looks like the maverick that put his country first and politics last, and looks like a prophet who saw the problem before others and had the right analysis and right solution. Sen. Obama looks like the speechmaker without substance that he is. He did nothing, but now Sen. Obama makes speeches trying to blame the very man who deserves the most credit for getting it right years before anyone else.

    So the crisis we face can best be traced to Fannie Mae and Freddy Mac, to a greedy and negligent Wall Street, to politicians like Sens. Obama and Dodd who were asleep at the switch and even resisted needed reforms when they were placed on the legislative table. The mainstream media now tries to distort the truth in an apparent effort to elect a totally unqualified man to the highest office of the land.

  10. CarolO MIon 28 Sep 2008 at 1:53 pm edit this

    Frannie Mae and Freddie Mac have always given donations.

    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 also strategically given more contributions to lawmakers currently sitting on committees that primarily regulate their industry. Fifteen of the 25 lawmakers who have received the most from the two companies combined since the 1990 election sit on either the House Financial Services Committee; the Senate Banking, Housing & Urban Affairs Committee; or the Senate Finance Committee. The others have seats on the powerful Appropriations or Ways & Means committees, are members of the congressional leadership or have run for president.

  11. Scotton 09 Oct 2008 at 8:58 am edit this

    Ally - I respectfully have to say that Raines and Howard are not top economic advisors of Obama. Howard resigned and by all accounts I can find Raines has had telephone conversations with Obama, but is not on his advisory team. As you said (I don’t have it in front of me so it’s paraphrasing), anyone with a home loan has some kind of connection to Fanny and Freddie. And I’ll say that probably every Senate and House member has some connection to them as well, because they are huge companies with their hands everywhere. McCain certainly has big connections, with their former lobbyists on his staff. I’m tired of the rancor on both sides, and all the hateful things people throw out. It’s ugly, it’s not in the American or religious spirit, and it doesn’t create a climate where we can all work together to make this a better country for us to live in and a better world for our country to live in. I want to make up my mind on the policies I think the two would push (and still have to get through the House and Senate). I’m convinced that both have the best interest of the country in mind.

  12. Scotton 09 Oct 2008 at 9:11 am edit this

    I thought I posted this already, but I don’t see it. I apologize if it appears twice…
    CarolO - Related to your comments, business as a whole for a long time has given to republicans at about a 2:1 ratio over democrats, but this year it’s about 50/50. They in part give their money to where the power is/will be, and it isn’t always a sign of impropriety, but a matter of survival (i.e., the contributor making efforts to influence to their benefit). That’s built into our system.

  13. Webmasteron 14 Nov 2008 at 11:51 am edit this

    Этот блог заслуживает похвалы. Обязательно напишу про него на закрытом форуме вебмастеров. Думаю, вебмастера согласятся со мной. Кстати вы можете присоединиться к сообществу вебмастеров, закрытый форум вебмасетров.

  14. JungleDirectoron 08 Jan 2009 at 9:26 pm edit this

    Subj.
    Anybody have?

    I’ts better, if you have XRumer 5.04…
    Gimme link

    See you later! ;)

  15. JungleDirectoron 13 Jan 2009 at 1:41 am edit this

    Subj.
    Anybody have?

    I’ts better, if you have XRumer 5.04…
    Gimme link

    See ya

  16. Pinedeon 02 Feb 2009 at 3:02 pm edit this

    На Ваш блог знакомый в аську ссылку кинул. Оказалось ,что не зря Понравилось. Тепрь постоянно читать буду

  17. Spuctcoron 02 Feb 2009 at 10:45 pm edit this

    Спасибо за статью. Восхищена как всегда

  18. tamneamyon 03 Feb 2009 at 5:40 am edit this

    А Вы не задумывались о том, чтобы параллельно завести еще один блог, на смежную тему? У Вас неплохо получается

  19. Demengenueon 03 Feb 2009 at 1:32 pm edit this

    Классно всё: и картинка ,и информация

  20. Unsarmasakon 03 Feb 2009 at 8:01 pm edit this

    Да уж. В этом блоге хоть комментаторы нормальные.. А то пишут обычно в комментарии ерунду всякую.

  21. Rulamyon 04 Feb 2009 at 2:22 am edit this

    Скажите, а у вас есть RSS поток в этом блоге?

  22. anismkagon 04 Feb 2009 at 3:45 pm edit this

    Опубликовал на своем блоге вашу статью, и напечатол там конечно-же обратную ссылку на вас. Но вот зашел посмотреть поевился ли трекбек, а его нет…

  23. Ignolaon 04 Feb 2009 at 10:35 pm edit this

    Ценные рекомендации, беру на заметку

  24. Franohoashon 07 Feb 2009 at 4:46 pm edit this

    Да уж. В этом блоге хоть комментаторы нормальные.. А то пишут обычно в комментарии ерунду всякую.

  25. garvewayon 07 Feb 2009 at 11:10 pm edit this

    Скажите, а у вас есть RSS поток в этом блоге?

  26. CoekDrobon 08 Feb 2009 at 5:59 am edit this

    Вот решил вам немного помочь и послал этот пост в социальные закладки. Очень надеюсь ваш рейтинг возрастет.

  27. VobaduroGodoon 08 Feb 2009 at 5:20 pm edit this

    Уважаемый автор блога, а вы случайно не из Москвы?

  28. ancexyaquanyon 09 Feb 2009 at 12:38 am edit this

    Отличный пост, прочитав несколько статей на эту тему понял, что всё таки не посмотрел с другой стороны, а пост как-то очень заинтересовал.

  29. Empampon 09 Feb 2009 at 6:24 am edit this

    Добавил в свои закладки. Теперь буду вас намного почаще читать!

  30. exeltyon 09 Feb 2009 at 10:23 am edit this

    большое спасибо!Взяла себе тоже-пригодится.

  31. keerravathon 09 Feb 2009 at 7:41 pm edit this

    Неплохой пост, но много лишнего.

  32. VofUneneon 10 Feb 2009 at 4:39 am edit this

    Очень интересно, но все в будущем хотелось бы еще побольше узнать об этом. Очень понравилась ваша статья!

  33. ageshapNeaston 10 Feb 2009 at 1:09 pm edit this

    большое спасибо!Взяла себе тоже-пригодится.

  34. Joycleon 13 Feb 2009 at 9:48 am edit this

    Очень понравилось, даже не ожидала.

  35. dsenton 25 Feb 2009 at 1:19 am edit this

    Wow what a stupid posting… And the replys, even worse… That USA all the way flag waving dunce must be head of the USA nazi paty.

  36. redflowers2001on 26 Feb 2009 at 9:37 am edit this

    No one has a clean slate. Politicians make deals with several people and organizations to get where they are. Most of the time, they don’t remember who they made the deal with. That’s why our government has lost sight of being for the people. We really thought putting Obama in the White House would change that and level the playing field, but guess what? He’s not different from any other politician with the exception that he has been a career one as long.

  37. Movieson 28 Jun 2009 at 7:32 am edit this

    A bad workman quarrels with his tools.

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