Blessed with the advantages of a government agency and a private company at the same time, Fannie Mae and Freddie Mac used their windfall profits to co-opt the politicians who were supposed to control them. The companies fought successfully against increased regulation by cultivating their friends and hounding their enemies.Top Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008
Name | Office | Party/State | Total | |
1. Dodd, Christopher | S | D-CT | $133,900 | |
2. Kerry, John | S | D-MA | $111,000 | |
3. Obama, Barack | S | D-IL | $105,849 | |
4. Clinton, Hillary | S | D-NY | $75,550 |
Of those on the above list, guess which one has the temerity to blame Republicans for the lax regulation?
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