OBAMA'S CROOKED CRONIES IN THE WALL STREET MELTDOWN
Columnist Jack Kelly:
"There are a lot of people to blame for the subprime mortgage crisis and this week's wall Street meltdown. Above all are the crooks and mismanagers who ran the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) - and their political enablers.
Fannie and Freddie were very good at greasing palms on Capitol Hill. Fannie spent $170 million on lobbying since 1998, and $19.3 million on political contributions since 1990.
The principal recipient of Fannie Mae's largesse was Sen. Chriss Dodd (D-CT), chairman of the Senate Banking Committee. Number two was Barack Hussein Obama.
Fannie bought most of its bad mortgages from Countrywide Financial, whose CEO, Angelo Mozilo, gave sweetheart loans to senior executives of Fannie Mae.
Sen. Dodd was also the second largest recipient in the Senate of contributions from Countrywide's PAC and its employees. The number one senator on Countrywide's list? Barack Hussein Obama."
"There are a lot of people to blame for the subprime mortgage crisis and this week's wall Street meltdown. Above all are the crooks and mismanagers who ran the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) - and their political enablers.
Fannie and Freddie were very good at greasing palms on Capitol Hill. Fannie spent $170 million on lobbying since 1998, and $19.3 million on political contributions since 1990.
The principal recipient of Fannie Mae's largesse was Sen. Chriss Dodd (D-CT), chairman of the Senate Banking Committee. Number two was Barack Hussein Obama.
Fannie bought most of its bad mortgages from Countrywide Financial, whose CEO, Angelo Mozilo, gave sweetheart loans to senior executives of Fannie Mae.
Sen. Dodd was also the second largest recipient in the Senate of contributions from Countrywide's PAC and its employees. The number one senator on Countrywide's list? Barack Hussein Obama."
posted by HeavyHanded at
9:17 PM
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