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Thread: Fannie Mae and Freddie Mac invest in lawmakers, and it clearly paid off

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    Elite Member witchcurlgirl's Avatar
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    Default Fannie Mae and Freddie Mac invest in lawmakers, and it clearly paid off

    Fannie Mae and Freddie Mac Invest in Lawmakers, And It Clearly Paid Off


    When the federal government announced two months ago that it would prop up mortgage buyers Fannie Mae and Freddie Mac, CRP looked at how much money members of Congress had collected since 1989 from the companies.

    On Sunday the government completely took over the two government-sponsored enterprises, and we've returned to our data to bring you the updates, this time providing a list of all 354 lawmakers who have gotten money from Fannie Mae and Freddie Mac (in July we posted the top 25). These totals are based on data released electronically from the FEC on Sept. 2 and include contributions to lawmakers' leadership PACs and candidate committees from the floundering companies' PACs and employees.

    Current members of Congress have received a total of $4.8 million from Fannie Mae and Freddie Mac, with Democrats collecting 57 percent of that. This week we also wrote about how much money lawmakers had invested of their own money in the companies last year--a total of up to $1.7 million.

    All Recipients of Fannie Mae and Freddie MacCampaign Contributions, 1989-2008

    Name/ Office/ State/ Party/ Grand Total /Total from
    PACs/ Total from Individuals

    Dodd, Christopher J S CT D $165,400 $48,500 $116,900

    Obama, Barack S IL D $126,349 $6,000 $120,349

    Kerry, John S MA D $111,000 $2,000 $109,000

    Bennett, Robert F S UT R $107,999 $71,499 $36,500

    Bachus, Spencer H AL R $103,300 $70,500 $32,800

    Blunt, Roy H MO R $96,950 $78,500 $18,450

    Kanjorski, Paul E H PA D $96,000 $57,500 $38,500

    Bond, Christopher S 'Kit' S MO R $95,400 $64,000 $31,400

    Shelby, Richard C S AL R $80,000 $23,000 $57,000

    Reed, Jack S RI D $78,250 $43,500 $34,750

    Reid, Harry S NV D $77,000 $60,500 $16,500

    Clinton, Hillary S NY D $76,050 $8,000 $68,050

    Davis, Tom H VA R $75,499 $13,999 $61,500

    Boehner, John H OH R $67,750 $60,500 $7,250

    Conrad, Kent S ND D $64,491 $22,000 $42,491

    Reynolds, Tom H NY R $62,200 $53,000 $9,200

    Johnson, Tim S SD D $61,000 $20,000 $41,000

    Pelosi, Nancy H CA D $56,250 $47,000 $9,250

    Carper, Tom S DE D $55,889 $31,350 $24,539

    Hoyer, Steny H H MD D $55,500 $51,500 $4,000

    This is the top 20. The entire list:
    OpenSecrets | Update: Fannie Mae and Freddie Mac Invest in Lawmakers - Capital Eye



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    Elite Member Grimmlok's Avatar
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    Um, ol Fannie should have probably kept that money to keep themselves from going insolvent.
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    Elite Member MohandasKGanja's Avatar
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    Fannie and Freddie's formers CEOs should probably face criminal charges under RICO.

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    Elite Member Grimmlok's Avatar
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    like that'll ever happen.
    I am from the American CIA and I have a radio in my head. I am going to kill you.

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    Elite Member lurkur's Avatar
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    Quote Originally Posted by MohandasKGanja View Post
    Fannie and Freddie's formers CEOs should probably face criminal charges under RICO.

    Fuuuuuck, man, at least 98% of the corporate suits and politicians should be charged. I'm being very generous here.

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