The collapse of government backed mortgage giants Fannie Mae and Freddie Mac caused the financial crisis now gripping the American economy.
Who is to Blame?
How did it happen?
Follow the money.
Senator Chris Dodd (D-CT), Chairman of the Senate Committee overseeing Fannie and Freddie received $165,400 in contributions from individuals and PACS for both mortgage giants since 1989.
That’s over $8,000 per year.
But Obamas cash card is much better:
Since taking office in January 2005 hes amassed over $126,000. Thats roughly $32,000 PER YEAR!
Also along for the ride:
Kerry, John $111,000
Reid, Harry $77,000
Clinton, Hillary $76,050
Pelosi, Nancy $56,250
Frank, Barney $42,350
Durbin, Dick $23,750
Schumer, Charles D $24,250
Is it any wonder that the 2005 reforms Senator McCain championed never passed?
If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole. John McCain, May 26, 2005
Follow the money!
Duration : 0:1:20
Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis. At a 2004 hearing see Democrat after Democrat covering up and attacking the regulations to protect Fannie Mae and Freddie Mac (their Cash Cows) that are now destroying our economy because the Democrats let them cheat.
Explosive Video, Fannie Mae CEO calling Obama and the Dems the “Family” and “Conscience” of Fannie Mae
Thursday, April 23rd, 2009Duration : 0:4:36
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Tags: analysis, calling, CEO, commentary, commercial, Dems, documentary, Explosive, family, Fannie, gotcha!, grassroots, Mae, news, Obama, of, outreach, political
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