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Fannie Mae Bailout and Obama

Discussion in 'U.S. Politics' started by asur, Oct 2, 2008.

  1. asur

    asur Well-Known Member

    Feb 3, 2008
    Likes Received:
    Democrats created the financial mess that they are now trying to fix.
    They will levy new taxes on hard working middleclass Americans to pay
    for their mistakes.

    Campaign contributions from Fannie Mae and Freddie Mac made to Barack Obama may backfire if the Democratic presidential hopeful wages an aggressive campaign to cast blame on rival John McCain and the Republicans in Congress for the mortgage-related losses that forced the U.S. Treasury to take over the quasi-governmental mortgage giants.

    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.

    In contrast, McCain warned of the coming mortgage crisis as he pressed in 2005 for regulatory reform of Fannie Mae and Freddie Mac.

    Most do not expect any solid investigation into the root causes as all roads lead back to the democratic party. All roads here lead to the demorats!
  2. Popeye

    Popeye Well-Known Member

    Sep 3, 2007
    Likes Received:
    Washington state
    McCains TOP 4 contributors 2005 - 2008

    Merrill Lynch $293,010
    Citigroup $251,851
    Goldman Sachs $223,995
    Morgan Stanley $212,821

    That's BS that McCain warned of the impending crisis:

    Despite Claims Today He Warned of this Crisis, McCain in 2007 Said He Didn't See This Crisis Coming
  3. Libsmasher

    Libsmasher Well-Known Member

    Jan 9, 2008
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