Posted by: chronicler55 | September 18, 2008

Obama’s Advisors took millions from Fannie Mae

In 2005, while John McCain was sponsoring a bill to reform the way Fannie Mae and Freddie Mac were doing business, Obama racked up the second highest amount of contributions from Fannie and Freddie of all senators.  And he has only been there three years, and only sat in the chamber for one! 

Chris Dodd had the highest amount of contributions from the mega-financial entities, but he has been the Senate for ages. Obama got hundreds of thousands of dollars in three!

More important is the fact that two of his chief advisors were (BELIEVE IT) James A. Johnson a former Fannie Mae CEO who left with millions of tax payer dollars in his pocket; AND Franklin Raines ANOTHER former Fannie Mae CEO who left with over 90 million. Franklin Raines should pay back his 90 million dollars and be hauled before a congressional committee and questioned as to his activities. Jim Johnson also walked away from Fannie Mae with tens of millions. Again, they should repay the money and be investigated.

And Obama is trying to spin this to make it look like Fannie and Freddie is John McCain’s fault!

 

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Responses

  1. you couldn’t be more on top of the problem.


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