Some reports trace Lehman Brothers collapse back to Fannie Mae and Freddie Mac,
the two big mortgage banks that got a federal bailout a few weeks ago.
To keep regulators off their backs
Freddie and Fannie used huge lobbying budgets and political contributions.
The top three U.S. senators getting big Fannie and Freddie political contributions were
Democrats and No. 2 is Sen. Barack Obama. Jim Johnson, recently on Obama’s VP search
committee and who later resigned abruptly after questions about his home mortgage deals
became a distraction for a candidate who argues he’s not influenced by special interests.
Is it easier to come up with solutions when you’ve been part of the problem?
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The Democrats Responsibility for Fannie and Freddie
Burning Down The House: What Caused Our Economic Crisis?
Fannie Mae Obama connection
