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Posted by: nostalgia 1 year, 3 months ago
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nostalgia1 year, 3 months ago
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Don't count on it!
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Fannie Mae Buys Immunity via Rahm Emmanuel, Acorn, Operation Push, Harvard...
President Bush is poised to sign the housing and Fannie Mae bailout bill, after the Senate passed it with 72 votes on the weekend. But an underreported part of this story is that Majority Leader Harry Reid refused to allow a vote on Republican Jim DeMint’s amendment to bar political donations and lobbying by Fannie and its sibling, Freddie Mac.
Freddie Mac Political Donations Have Been Scrutinized Before
Freddie Mac, the home mortgage powerhouse, agreed on Tuesday to pay $3.8 million in civil penalties to the Federal Election Commission, which had accused it of improperly funneling corporate executives’ donations to candidates and holding lavish fund-raisers that often benefited congressmen on an influential House committee.
Freddie Mac Support for Rahm Emanuel
There does seem to be a pattern of distraught companies under the influence of politicians, and successful politicians in Washington DC.
Perhaps the politicians are also under the influence of the distraught companies, or previously on the Board of Directors of a very distressed bank, as in the case of Rahm Emanuel at Freddie Mac.
Link to these and other articles on Fannie and Freddie can be found here
http://www.cdobs.com/archive/tags/Emanuel/
VERY interesting reading
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