More on Obama’s Fannie Mae corruption
Story and video clip at Gateway Pundit:
In 2005– Senator John McCain partnered with three other Senate Republicans to reform the government’s involvement in lending, after an attempt by the Bush administration died in Congress two years earlier.
Democrats blocked the reform.In 2005– Barack Obama and the Congressional Black Caucus met with Fannie Mae for a “family” event. In 2005 Democrats also blocked reform of Fannie Mae:
[video clip here]
This was before Fannie Mae started filling the pockets of Barack Obama with political donations.
The junior Illinois senator collected more money from Fannie Mae than any other Washington politician except Senator Dodd in the last decade.
Obama was able to accomplish this feat in just 3 years.This video shows Fannie Mae CEO talking to members of the Congressional Black Caucus:
The Democrats have been taking PAYOFFS from Fannie and Freddie and have looked the other way FOR DECADES!
They’ve blocked reform.Now there’s NEW VIDEO of the CEO of Fannie Mae in 2005 explaining the “FAMILY” connection with Democrats and specifically Barack Obama and the Congressional Black Caucus. It looks like Michelle Obama was at the event, too.
This was before Barack Obama started collecting tens of thousands from the failed lender.
Team Mac needs to run with this full speed and pronto!
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Gee whiz, how could this be? According to Obama, this is all President Bush’s fault and we know that Obama never lies.
Comment by TheBad | September 18, 2008
Except when his lips are moving.
Comment by tnjack | September 18, 2008
According to the New York Times, Democrats blocked Bush’s Fannie Mae and Freddie Mac reforms so low income people with bad credit could buy houses.
”These two entities -Fannie Mae and Freddie Mac – are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, and the less we will see in terms of affordable housing.” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee.
http://strategicthought-charles77.blogspot.com/2008/09/democrats-blocked-bushs-fannie-mae-and.html
Comment by Charles Hill | September 19, 2008