The link below contains a purported list of the top 25 in Congress who got contributions from the folks at Fannie and Freddie. Obama is listed third, after Dodd and Kerry, even though Obama is just a junior Senator. Obama is followed next by Clinton. Barney Frank and Nancy Pelosi are on the list as well.
http://www.investors.com/editorial/IBDArticles.asp?artsec=16&artnum=1&issue=20080918
Then there is the Senate Banking Committee Chairman Christopher J. Dodd who allegedly got special mortgage deals from Countrywide, who gave preferential rates to 'friends' of company's chairman.
http://www.msnbc.msn.com/id/25140560/
For an interesting article purporting to detail the House Financial Services Committee Chairs long history with Fannie Mae, See http://www.businessandmedia.org/printer/2008/20080924145932.aspx
"House Financial Services Committee Chair promoted GSEs while former 'spouse' was Fannie Mae executive."
The link below describes how some in Congress tried to use the original version of the bailout bill to divert money eventually recovered to groups like ACORN, a group Obama has a long association with. See:
http://online.wsj.com/article/SB122247015469280723.html?mod=googlenews_wsj
And then there is House Speaker Nancy Pelosi, who allegedly has directed nearly $100,000 from her political action committee to her husband's real estate and investment firm.
http://www.washtimes.com/news/2008/oct/01/pelosis-pac-pays-bills-for-spouses-firm.
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Sharon McHale, the vice president for Freddie Mac, declined any comment on the firm's arrangement with Davis. Other Freddie Mac officials did not return phone calls. Davis did not respond to e-mails and a phone call seeking comment. Asked for comment, Jill Hazelbaker, the McCain campaign communications director, said: "Rick left Davis Manafort and stopped taking salary from the firm in 2006 and, as Davis Manafort is an entity wholly unrelated to the campaign and any of its employees, all questions about Davis Manafort's practice should be directed to Davis Manafort."
"Who Davis Manafort represents during a period when no employee of the campaign is associated with the firm, is a matter that has nothing to do with this campaign," she added. "Finally, the relationship that Davis Manafort had with Freddie was not a lobbying relationship during Rick's tenure. Rick was never a lobbyist for Freddie."
Davis Manafort also did not return a phone call seeking comment.
McCain has made an issue of the relationship between some of Obama's supporters and Fannie and Freddie. Jim Johnson, the former Fannie Mae chief executive, was initially tapped to help vet potential running mates for the Democratic nominee, until controversy over his appointment forced him to step aside. And McCain's campaign has questioned Obama's ties to Franklin Raines, another former Fannie Mae chief executive. Both Johnson and Raines received generous payouts from the mortgage buyer.
© 2008
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