Fannie and Freddie gave $$ to Obama

Obama received $126,000 from Fannie and Freddie.  His campaign calls McCain’s new ad lies, but Hot Air posted these archive entries from WaPo telling the same story.

Washington Post:

  • 7/16/08: “In the four years since he stepped down as Fannie Mae’s chief executive under the shadow of a $6.3 billion accounting scandal, Franklin D. Raines has been quietly constructing a new life for himself. He has shaved eight points off his golf handicap, taken a corner office in Steve Case’s D.C. conglomeration of finance, entertainment and health-care companies and more recently, taken calls from Barack Obama’s presidential campaign seeking his advice on mortgage and housing policy matters.”
  • 8/28/08: “In the current crisis, their biggest backers have been Democrats such as Senate Banking Committee Chairman Christopher J. Dodd (Conn.) and House Financial Services Committee Chairman Barney Frank (Mass.). Two members of Mr. Obama’s political circle, James A. Johnson and Franklin D. Raines, are former chief executives of Fannie Mae.“

This entry was posted on Friday, September 19th, 2008 at 12:23 pm and is filed under us elections. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Fannie and Freddie gave $$ to Obama”

  1. johnmarzan Says:
    September 19, 2008 at 1:22 pm | Reply

    here’s another wash post article not yet cited by mccain campaign dated july 17, 2008. where he admitted that he was consulting with the obama campaign on housing issues.

    “Obama also has ties to the firms. James A. Johnson, the former head of his vice presidential vetting panel, was a chief executive of Fannie Mae, as was Franklin D. Raines, who said this week that he has been consulting with the campaign on housing issues. Maria Echaveste, a top Clinton White House official whose husband, Christopher Edley Jr., is a close Obama friend and adviser, has lobbied for Freddie Mac, and former commerce secretary William M. Daley, a top Obama backer, was an in-house lobbyist.”

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