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How much money did McCain and Obama take from fannie and Freddie?
Wiki User
∙ 15y ago
The New York Times has published a separate list looking at contributions from "directors, officers, and lobbyists for Fannie Mae and Freddie Mac" for the 2008 campaign cycle. That list - using figures from the Federal Election Commission - shows McCain receiving $169,000, while Obama received only $16,000. Check the link below ----
Federal law forbids candidates from receiving money directly from companies. The nonpartisan Center for Responsive Politics tracks donations from employees of various companies. The center's list of contributions from Fannie and Freddie employees places Obama second. Ahead of him is Sen. Chris Dodd, Democratic chairman of the Senate Banking Committee. One method of calculating the total listed for Obama is $126,349 in less than 4 years - a tiny fraction of the approximately $390 million his campaign has raised, according to the center. The list shows McCain has received a total of $21,550 in 26 years from Fannie and Freddie employees. The list includes donations of at least $200 from those who receive paychecks from Fannie and Freddie. It also includes donations from political action committees - pooled contributions from employees. Geoffrey T. Boisi, of Freddie Mac's board, personally contributed more than $70,000 to Sen. McCain.
Both he and Richard F. Hohlt, a Fannie Mae lobbyist, are among the McCain "bundlers" who have raised between $100,000 to $250,000 from others, according to the McCain campaign Web site.
Six members of the firm Fierce Isakowitz & Blalock, all Fannie Mae lobbyists, have given Mr. McCain $13,250, records show. Combined, this McCain F&F money comes to between $283,250 and $583,250 from these listed sources. McCain has not cut ties to Lobbyists.
Rick Davis, McCain's campaign manager, was a Freddie Mac advocate, whose company accepted $2 Million to lobby McCain against regulating F&F.
McCain's confidant and adviser Charlie Black, whose firm worked for Freddie Mac for several years ending in 2005, and the deputy campaign finance chairman, Wayne L. Berman, a vice president for Ogilvy Worldwide are former Fannie Mae lobbyist.
Six members of the firm Fierce Isakowitz & Blalock, all Fannie Mae lobbyists, have given Mr. McCain $13,250, records show. Obama hired former Fannie Mae CEO Jim Johnson to vett his VP candidate and former Fannie Mae CEO Franklin Raines is a financial consultant. ************************************************************** Check the Fact Link to the McCain Camp fabrication that Franklin Raines is an Obama financial consultant. The above posting is a McCain LIE!
Wiki User
∙ 15y ago
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How much money did McCain get from Fannie and Freddie mac?
No candidate can accept money directly from companies including Freddie Mac or Fannie Mae. However, company employees can donate money to candidates. The New York Times has published a separate list looking at contributions from "directors, officers, and lobbyists for Fannie Mae and Freddie Mac" for the 2008 campaign cycle. That list - using figures from the Federal Election Commission - shows McCain receiving $169,000, while Obama received only $16,000. John McCain's campaign manager, Rick Davis, was hired-to the tune of nearly $2 million over five years paid almost exclusively by Fannie and Freddie-to head an advocacy group formed to lobby McCain and Congress against regulating Fannie Mae and Freddie Mac. Check the link below to CNN's Fact Check regarding this issue.
How much money did McCain get from Fannie Mae and Freddie Mac?
Check the link below ---- Federal law forbids candidates from receiving money directly from companies. The nonpartisan Center for Responsive Politics tracks donations from employees of various companies. The center's list of contributions from Fannie and Freddie employees places Obama second. Ahead of him is Sen. Chris Dodd, Democratic chairman of the Senate Banking Committee. One method of calculating the total listed for Obama is $126,349 in less than 4 years - a tiny fraction of the approximately $390 million his campaign has raised, according to the center. The list shows McCain has received a total of $21,550 in 26 years from Fannie and Freddie employees. The list includes donations of at least $200 from those who receive paychecks from Fannie and Freddie. It also includes donations from political action committees - pooled contributions from employees. Obama hired former Fannie Mae CEO Jim Johnson to vett his VP candidate and former Fannie Mae CEO Franklin Raines is a financial consultant. ************************************************************** Check the Fact Link to the McCain Camp fabrication that Franklin Raines is an Obama financial consultant. The above posting is a McCain LIE!
How much money did Obama get from Fannie May and Freddie Mac?
The New York Times has published a separate list looking at contributions from "directors, officers, and lobbyists for Fannie Mae and Freddie Mac" for the 2008 campaign cycle. That list - using figures from the Federal Election Commission - shows McCain receiving $21,550, while Obama received $126,349. Check the link below... Or for a much more accurate set of figures, try this link. http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html
Have any of the candidates received any contributions from Freddie Mac or Fannie Mae?
Well the figure is not really a truth but there has been investigate and and numbers have been put out, approx 3.5 million from BOTH COMPANIES No candidate can accept money directly from companies including Freddie Mac or Fannie Mae. However, company employees can donate money to candidates. The New York Times has published a separate list looking at contributions from "directors, officers, and lobbyists for Fannie Mae and Freddie Mac" for the 2008 campaign cycle. That list - using figures from the Federal Election Commission - shows McCain receiving $169,000, while Obama received only $16,000. John McCain's campaign manager, Rick Davis, was hired-to the tune of nearly $2 million over five years paid almost exclusively by Fannie and Freddie-to head an advocacy group formed to lobby McCain and Congress against regulating Fannie Mae and Freddie Mac. Check the link below to CNN's Fact Check regarding this issue.
What politicians took money from fannie Mae and Freddie mac?
Suposedly Newt Gingritch and Mitt Romney both collected over a million dollars from fannie Mae/Freddie mac. If the two most up front polititions in america both collected this money, how many others have? And that was the reason for the housing market crash? Is this like a giant watergate?
What does Obama think of mcCain?
Obama is worried that Mccain will become president because he believes that talking about the economic crisis so much will cause everyone to run out of money because the taxes will rise. Obama says as I quote "If Mccain talks about this crisis to much, it's going to be all over" I can see how he is worried, and this is a serious matter on our hands.
Is Barack Obama's campaign being funded by Muslims?
Barack Obama and John McCain are both getting money from all kinds of people all over the world.
Is Barack Obama or John McCain richer?
If you are talking net worth, John McCain has much more money than Barack Obama. Mr. McCain owns a number of homes, and his wife's side of the family has considerable wealth; she inherited it from her father's beer distribution business. According to Money Magazine, thanks to investments and trusts, Mr. McCain's net worth in 2009 was more than $40 million. Barack Obama's net worth, which includes his wife's earnings from back when she was a full-time hospital executive as well as their investments and the royalties from Mr. Obama's two best-selling books, is $5.8 million.
What do both mccain and obama think about the war?
McCain is thinking we should stay there. If we don't he thinks it will fall apart and become total chaous again. Obama thinks we should leave straight away, we are paying to much money to stay there. Also we are paying to much in lives too.
Why did Barack Obama's friends in Fannie May and Freddy Mac loan money to 5 million illegal aliens which has caused Americas economy to crash?
So that the illegal aliens would vote for Obama for president with the help of ACORN
When did Fannie Mae and Freddie Mac start?
The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with other GSEs, Freddie Mac buys mortgages on the secondary market, pools them, and sells them as mortgage-backed securities to investors on the open market. This secondary mortgage market increases the supply of money available for mortgages lending and increases the money available for new home purchases. The name, "Freddie Mac", was a creative acronym of the company's full name that had been adopted officially for ease of identification (see "GSEs" below for other examples). On September 8, 2008, Federal Housing Finance Agency (FHFA) director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA (see Federal takeover of Fannie Mae and Freddie Mac). The action has been described as "one of the most sweeping government interventions in private financial markets in decades".[2][3][4] Source - Wiki
Who is ahead in the polls?
Does it really matter McCain or Obama they are both going to keep the troops in Iraq the both voted for the bail out .... they both make promises that they have no intention of keeping. What happened to the Obama that was going to bring our troups home? I guess the lobbyists from the military industrial complexes around the world must have put some money in the pot now Obama sound more aggressive than McCain.
