Monday, December 8, 2008

Obama and Kanjorski Benefited From Freddie Mac and Fannie Mae's Influence

Here is a video where Daniel Mudd, Fannie Mae CEO calls Obama and the Dems the "Family" and "Conscience" of Fannie Mae. He is speaking before the Congressional Black Caucus at its 2005 swearing in ceremony.

The Associated Press reported how Freddie Mac influenced Congressional action to thwart increased regulatory oversight. Of course, Paul Kanjorski would be at the cetner of that influence.

"When the Washington Nationals played their first-ever baseball game in the nation’s capital in April 2005, two congressmen who oversaw mortgage giant Freddie Mac had choice seats — courtesy of the very company they were supposed to be keeping an eye on.

Efforts to tighten government regulation were gaining support on Capitol Hill, and Freddie Mac was fighting back. The baseball tickets for the home opener were means of influence.

According to confidential company documents obtained by The Associated Press, Reps. Bob Ney, R-Ohio, and Paul Kanjorski, D-Nanticoke, spent the evening in hard-to-obtain seats near the Nationals dugout with Freddie Mac executive Hollis McLoughlin and four of Freddie Mac’s in-house lobbyists."

Bob Ney would be the same Congressman who authored the Ney-Kanjorski bill which attempted to gut state predatory lending laws.

Ney would be the same former Congressman who was sentenced to 30 months in jail after admitting "that he performed official acts for Abramoff's lobbying clients between 2001 and 2004, receiving in exchange luxury vacation trips, skybox seats at sporting events, campaign contributions and expensive meals." Would they be the same tickets Paul Kanjorski accepted and uncovered by the Associated Press?

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