Yes, we can.

[innerSpaceman]

Agreed.

[SzczerbiakManiac]

Les Misbarack

[flippyshark]

Originally Posted by SzczerbiakManiac

Les Misbarack

It is completely ridiculous that that made me tear up.

[sleepyjeff]

Top Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008
1) Christopher Dodd (D-CT) $133,900
2) John Kerry (D-MA) $111,000
3) Barack Obama (D-IL) $105,849

http://www.cdobs.com/archive/blogs/s...ae%2C1672/


Obama almost did in 3 years what it took Dodd and Kerry nearly 20 to do....not that this is anything to be proud of(especially given the news of the day).

[tracilicious]

Originally Posted by sleepyjeff

Top Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008
1) Christopher Dodd (D-CT) $133,900
2) John Kerry (D-MA) $111,000
3) Barack Obama (D-IL) $105,849

http://www.cdobs.com/archive/blogs/s...ie-mae%2C1672/


Obama almost did in 3 years what it took Dodd and Kerry nearly 20 to do....not that this is anything to be proud of(especially given the news of the day).

What's so bad about Fannie Mae and Freddie Mac campaign contributions? All candidates are getting money from somewhere. At least Obama's not getting it from lobbyists.

[scaeagles]

Money only corrupts and influences politicians when given to republicans, Sleepy. You know that.

[flippyshark]

Yeah, you guys are right. This totally changes my mind.

Sorry - I don't mean to snark on you guys - I appreciate your perspective. But this constant insinuation of hypocrisy got old a loooong time ago. (and yes folks, there's plenty of it to go around in both directions.)

I just wish I could stop clicking on these politiocal threads, darn it. No good ever comes of it. peace out.

[Alex]

The argument is that Fannie Mae and Freddie Mac lobbied strongly for deregulation that allowed them to get into the mess they're in and against regulation that would have reined them in.

Now, in the particular case of these two companies, since they were government franchised entities it was generally Democrats would supported their requests and Republicans who wished to rein them in. So I am not surprised to see this information.

Both parties were pretty complicit in the legislative changes over the last 15 years that contributed to our current mess -- though in this case Obama's relative lack of experience may help him since almost everything substantive that lead to our current financial sector crisis was done before he had a change to contribute one way or another.

Though by no means is our elected federal government solely to blame; the Fed gets its share for a policy that made credit incredibly cheap and then began raising rates just in time for option resets and of course the financial institutions themselves get the lion's share of blame for while deregulation may have made it possible, these companies looked common sense in the eye and said "**** that."


And just a side, note. I work for one of those "**** that" companies (though not in a role that in any way contributed) and there is a not-insignicant chance that the hens are coming to roost for us very soon.

[scaeagles]

Originally Posted by Alex

Both parties were pretty complicit in the legislative changes over the last 15 years that contributed to our current mess -- though in this case Obama's relative lack of experience may help him since almost everything substantive that lead to our current financial sector crisis was done before he had a change to contribute one way or another.

Excellent point on Obama.

This is why I am amused at Pelosi saying the democrats have no blame in the current mess. They all do.

[flippyshark]

Originally Posted by Alex

And just a side, note. I work for one of those "**** that" companies (though not in a role that in any way contributed) and there is a not-insignicant chance that the hens are coming to roost for us very soon.

Man, that's scary. I just hope my (Disney-run) bank holds out. (Not that I have much to lose.)