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Originally Posted by Wagner
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That may be true, but tell the whole story, Wagner.
http://www.politico.com/news/stories/0708/11781.html
Fannie and Freddie’s political contacts exist deep in the two presidential campaigns.
At least 20 McCain fundraisers have lobbied on behalf of Fannie Mae and Freddie Mac, netting at least $12.3 million in fees over the past nine years.
Political insiders Arthur B. Culvahouse Jr., picked by McCain to vet his vice presidential nominees, and Jim Johnson, picked by Obama to perform the same function, once worked for the mortgage giants.
And for years, Rick Davis (Chief Executive Officer of the McCain campaign) served as president of an advocacy group led by Fannie Mae and Freddie Mac that
defended the two companies against increased regulation.