Obama #2 recipient for Fannie Mae and Freddie Mac campaign donations

[Wretched Excess]

keep in mind that this compilation begins in 1989, but The BarackStar! wasn't elected to congress until 2004.
he certainly got off to a fast start.   I guess that's what the new politics is all about.

Update: Fannie Mae and Freddie Mac Invest in Lawmakers

When the federal government announced two months ago that it would prop up mortgage buyers Fannie Mae and Freddie Mac, CRP looked at how much money members of Congress had collected since 1989 from the companies. On Sunday the government completely took over the two government-sponsored enterprises, and we've returned to our data to bring you the updates, this time providing a list of all 354 lawmakers who have gotten money from Fannie Mae and Freddie Mac (in July we posted the top 25). These totals are based on data released electronically from the FEC on Sept. 2 and include contributions to lawmakers' leadership PACs and candidate committees from the floundering companies' PACs and employees. Current members of Congress have received a total of $4.8 million from Fannie Mae and Freddie Mac, with Democrats collecting 57 percent of that. This week we also wrote about how much money lawmakers had invested of their own money in the companies last year--a total of up to $1.7 million.

All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008
Name    Office    State    Party    Grand Total    Total from
PACs    Total from
Individuals
Dodd, Christopher J    S    CT    D    $165,400    $48,500    $116,900
Obama, Barack    S    IL    D    $126,349    $6,000    $120,349
Kerry, John    S    MA    D    $111,000    $2,000    $109,000

More

[SSG Snuggle Bunny]

Expected re-write:



NYT: McCAIN  TOOK TENS OF THOUSANDS FROM FAILED MORTGAGE HOUSES
Depth of Palin Involvement Still A Secret

[Wretched Excess]

Expected re-write:



NYT: McCAIN  TOOK TENS OF THOUSANDS FROM FAILED MORTGAGE HOUSES
Depth of Palin Involvement Still A Secret

still, BHO hit #2 on that list, and was a member of congress for less than half of the period of time that this list considers. 

[Lord Undies]

sandnsea  (1000+ posts)        Mon Sep-15-08 11:38 AM
Response to Original message
10. Alabama. Obama up 25
   Seriously. Far right states are skewing the national polling.

This has nothing to do with this thread subject, but it's too funny to miss.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x7073279

Upton  (1000+ posts)        Mon Sep-15-08 11:42 AM
Response to Original message
11. I've got a novel idea
   maybe, just maybe it's a close race.

BTW, yard signs and bumper stickers are not indicative of anything. If they were, we would be inaugurating Pres. Ron Paul in Jan.

[DixieBelle]

When the federal government announced two months ago that it would prop up mortgage buyers Fannie Mae and Freddie Mac, CRP looked at how much money members of Congress had collected since 1989 from the companies. On Sunday the government completely took over the two government-sponsored enterprises, and we've returned to our data to bring you the updates, this time providing a list of all 354 lawmakers who have gotten money from Fannie Mae and Freddie Mac (in July we posted the top 25). These totals are based on data released electronically from the FEC on Sept. 2 and include contributions to lawmakers' leadership PACs and candidate committees from the floundering companies' PACs and employees. Current members of Congress have received a total of $4.8 million from Fannie Mae and Freddie Mac, with Democrats collecting 57 percent of that. This week we also wrote about how much money lawmakers had invested of their own money in the companies last year--a total of up to $1.7 million.

Both companies have poured money into lobbying and campaign contributions to federal candidates, parties and committees as a general tactic, but they've also directed those contributions strategically. In the 2006 election cycle, Fannie Mae was giving 53 percent of its total $1.3 million in contributions to Republicans, who controlled Congress at that time. This cycle, with Democrats in control, they've reversed course, giving the party 56 percent of their total $1.1 million in contributions. Similarly, Freddie Mac has given 53 percent of its $555,700 in contributions to Democrats this cycle, compared to the 44 percent it gave during 2006.

Fannie Mae and Freddie Mac have also strategically given more contributions to lawmakers currently sitting on committees that primarily regulate their industry. Fifteen of the 25 lawmakers who have received the most from the two companies combined since the 1990 election sit on either the House Financial Services Committee; the Senate Banking, Housing & Urban Affairs Committee; or the Senate Finance Committee. The others have seats on the powerful Appropriations or Ways & Means committees, are members of the congressional leadership or have run for president. Sen. Chris Dodd (D-Conn.), chairman of the Senate banking committee, has received the most from Fannie and Freddie's PACs and employees ($133,900 since 1989). Rep. Paul Kanjorski (D-Pa.) has received $65,500. Kanjorski chairs the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, and Freddie Mac and Fannie Mae are government-sponsored enterprises, or GSEs.

All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008

Go to the link to see the whole list - check out the first few -

Dodd, Christopher J  S  CT  D  $165,400  $48,500  $116,900 
Obama, Barack  S  IL  D  $126,349  $6,000  $120,349 
Kerry, John  S  MA  D  $111,000  $2,000  $109,000 

http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html

[Wretched Excess]

I saw the first MSM mention of this on britt hume tonight.