tokilamockingbrd said:
Obama had no connection to bailing out Fannie and Freddie. I am saying is part of the reason they needed to be bailed out. Him and all of the other People in Congress who were lobbied to leave them alone. It was not an Obama thing, it is a washington thing. McCain tried to point this out in 05, but Congress including Obama made no move. Chris Dodd the person in charge of the oversight of F & F amd was given the most campaign contributions, isn't that ironic? Guess who was no. 2... Barack Obama. Now John McCain DID recieve some money for his campaign from F & F, but it was all individials, and from not the company itself. And it ammounted to about 1/8 of what Barack recieved (in only a faction of the time, the data is totals from 1989 to present). These are all facts. You cannot argue them. What you can argue is the motive behind the cash Obama recieved, but not the fact he was the #2 recipient. Also, JM is on the Congression record slamming F & F in 05, you cannot argue with any reason that McCain did not make an attempt to stop the corruption that led to the collapse of the housing market. If I was BO I would try to not mention F & F or the loan crisis because it will blow up in his face... he should lead the disscussion other place... Like saying for 50,000th time that McCain is Bush's bitch. That may work, but it is too soon to tell.
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lol... somebody's been watching Fox news. I enjoy tuning in from time to time just for the giggles, but seriously man, it will rot your brains if you watch too long.
As far as Fannie and Freddie, neither campaign is clean.
"More: "Rick Davis, McCain's campaign manager, was president of the Homeownership Alliance, which advocates the expansion of homeownership through low-interest mortgages funded by Fannie and Freddie. Arthur B. Culvahouse Jr., who is heading McCain's vice presidential vetting panel, was a lobbyist for Fannie Mae. Mark Buse, a longtime McCain aide, lobbied for Freddie Mac before returning to McCain's Senate staff."
Moreover: "Obama also has ties to the firms. James A. Johnson, the former head of his vice presidential vetting panel, was a chief executive of Fannie Mae, as was Franklin D. Raines, who said this week that he has been consulting with the campaign on housing issues. Maria Echaveste, a top Clinton White House official whose husband, Christopher Edley Jr., is a close Obama friend and adviser, has lobbied for Freddie Mac, and former commerce secretary William M. Daley, a top Obama backer, was an in-house lobbyist."
McCain co-sponsored a bill in 2005 to impose new oversite on F&F, Obama introduced his own bill in 2006 to stop abusive lending. Both campaigns have money ties and lobbyist ties to this entire mess. Pretty much everyone in politics do. Both presidential candidates also proposed reform, and both were shot down.
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