The world-famous Internet site of the Nationally Syndicated Neal Boortz Show!
Hi, (not you?) | Member Center | Sign Out
Posted: 9:04 p.m. Thursday, Sept. 18, 2008
By Jamie Dupree
I do love all the different sites that are on the internet now, where you can do loads of searches about who donated money to which campaigns, etc. That's why some numbers out in the past week caught my eye about Barack Obama and the housing crisis.
The web site http://www.opensecrets.org is one of several that does a great job with federal campaign finance data. They crunched the numbers recently on who the top recipients of money in the Congress were when it comes to Fannie Mae and Freddie Mac.
Remember, those financial institutions were taken over recently by the feds, all part of the Wall Street/financial mess involving the mortgage crisis.
In the last twenty years, the most Freddie/Fannie money - in terms of combined individual donations and from PACs - went to Sen. Chris Dodd (D-CT) who is now the Chairman of the Senate Banking Committee.
Dodd netted $165,400 in donations, of which $48,500 was PAC money (political action committee for those keeping score at home.)
The #2 recipient sort of surprised me, since he's only been in the Senate for a little more than three and a half years.
That's right, Sen. Barack Obama (D-IL.)
Obama received $126,349 in campaign donations, of which only 6k was PAC money.
You can see the top recipients at http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html
Of the top twenty, 12 were Democrats and 8 were Republicans.
Sen. John McCain (R-AZ) is also on the overall list, bringing in $21,500 in contributions. If I counted right, that put him in 62nd place overall.
McCain is now trying to tie Obama to some of the troubles at Fannie Mae and Freddie Mac, with a new advertisement that highlights an Obama adviser named Franklin Raines.
Raines was once the CEO at Fannie Mae, as the ad accused Raines of "financial fraud." Raines did leave Fannie Mae under scrutiny in 2004 as part of an accounting scandal there.
Raines has denied being an economic adviser to Obama, but that isn't stopping the McCain camp, as both sides try to convince voters that the other has one finger in the current financial troubles on Wall Street and Main Street.
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
Already have an account? Sign In
{* #registrationForm *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Already have an account? Sign In
{* #registrationFormBlank *} {* registration_firstName *} {* registration_lastName *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddressBlank *} {* registration_birthday *} {* registration_gender *} {* registration_postalZip *} {* traditionalRegistration_passwordBlank *} {* traditionalRegistration_passwordConfirmBlank *} {* agreeToTerms *}We have sent you a confirmation email. Please check your email and click on the link to activate your account.
We look forward to seeing you frequently. Visit us and sign in to update your profile, receive the latest news and keep up to date with mobile alerts.
Don't worry, it happens. We'll send you a link to create a new password.
{* #forgotPasswordForm *} {* forgotPassword_emailAddress *}We have sent you an email with a link to change your password.
We've sent an email with instructions to create a new password. Your existing password has not been changed.
To sign in you must verify your email address. Fill out the form below and we'll send you an email to verify.
{* #resendVerificationForm *} {* resendVerification_emailAddress *}Check your email for a link to verify your email address.


You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}