VIDEO report here.
Former Fannie Mae Interim-CEO, Daniel Mudd, declares to the Congressional Black Caucus, and to Barack Obama, that they are (both) “the conscience of Congress and the conscience of Fannie Mae.”
And, “Barack Obama is the second biggest recipient of political money from Fannie Mae and Freddie Mac in the last ten years. And he’s only been in Washington for four years.” The other individuals in the “top three recipients of political money from Fannie Mae and Freddie Mac” are Democrats, Chris Dodd and John Kerry.
Senator’s links to mortgage giants also include campaign contributions
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. (Read the full article…)