At Least 20 McCain Fundraisers Lobbied For Fannie, Freddie; Obama Also Implicated

Jul 16, 2008 11:29

Fannie, Freddie spent $200M to buy influence

Fannie and Freddie�s political contacts exist deep in the two presidential campaigns.

At least 20 McCain fundraisers have lobbied on behalf of Fannie Mae and Freddie Mac, netting at least $12.3 million in fees over the past nine years.

***

A spokesman for the Obama campaign declined to comment, noting only that former Fannie Mae CEO Jim Johnson stepped down from his campaign post in June. His resignation came in the wake of charges that he collected more then $7 million in home loans at special, below-average rates.

mccain, fannie mae, economy, freddie mac, lobbyist, obama

Previous post Next post
Up