Fannie Mae execs loved Obama
Fannie Mae executives gave Democratic presidential candidate and U.S. Sen. Barack Obama, D-Ill., more than $100,000, more than any other Senator, in the ten years before the home loan buyer had to be taken over by the Federal Government, says the Center for Responsible Government.
Fannie Mae executives gave Democratic presidential candidate and U.S. Sen. Barack Obama, D-Ill., more than $100,000, more than any other Senator, in the ten years before the home loan buyer had to be taken over by the Federal Government, says the independent nonprofit Center for Responsible Government.
That's the years when Fannie and Freddie Mac (which gave Obama another $20,000) grew most rapidly and came under sustained attack from conservative critics. GOP nominee Sen. John McCain, R-Ariz., received around $21,000 in the same years from both lenders. Info from the Center's OpenSecrets.org Web site here.