Paul Kanjorski, in his usual arrogant attitude, fired back at the Associated Press over their story concerning Freddie Mac and the Washington National baseball tickets. He states that the Associated Press mislead the public in its story. Paul, what a crock. How many times in your career have you mislead the public? The Veteran's Hospital in Wilkes Barre is one example but we will save that for another day.
Kanjorski blames George Bush for everything. I don't know what he is going to do after January 20, 2009.
Here is the part of the AP story Paul wants everyone to forget.
"The records obtained by the AP reflect growing concern within Freddie Mac over a chorus of criticism from Republicans worried that Freddie Mac and Fannie Mae had grown too big. The two companies owned or guaranteed over $5 trillion in mortgages.
The Bush administration and Federal Reserve Chairman Alan Greenspan were sounding the alarm about the potential threat to the nation's financial health if the fortunes of the two mammoth companies turned sour. They did eventually, when they took on $1 trillion worth of subprime mortgages and when their traditional guarantee business deteriorated. Commercial banks regarded Freddie Mac and Fannie Mae as competitors and were anxious to pick up business that would result from scaling back the two companies.
Pushing back, Freddie Mac enlisted prominent conservatives, including Gingrich and former Justice Department official Viet Dinh, paying each $300,000 in 2006, according to internal records."
"The AP previously described, in October, how Freddie Mac thwarted efforts to bring a tough regulatory bill sponsored by Republican Sens. Chuck Hagel of Nebraska, John Sununu of New Hampshire, Elizabeth Dole of North Carolina and John McCain of Arizona to a full Senate vote.
At a meeting days after Hagel's bill went to the full Senate, Syron and McLoughlin berated the company's in-house lobbyists for failing to keep Hagel's bill corralled in committee, said the four people familiar with events at Freddie Mac at the time.
Freddie Mac shifted into high gear, secretly paying a Republican consulting firm, Washington-based DCI Group, $2 million to kill Hagel's legislation. The covert lobbying campaign targeted Republican senators in 2005-06.
According to the newly obtained records, DCI's deployment was part of a broader campaign that targeted mainly Republicans on Capitol Hill.
The internal Freddie Mac documents show that 17 of the lobbying firms and consultants paid in 2006 were specifically directed to focus on Republicans and four on Democrats, with varying targets for the rest."
Paul, the Democrats had control of Congress, not the Republicans. That is why Freddie Mac needed to concentrate on the Republicans. There was little disagreement in the Democratic party to leave Freddie Mac alone.
Paul, do you really want us to believe that Freddie Mac buys individual tickets for each game as oppossed to having box seats. Here is the pricing for the Washington Nationals. It is reported that Diamond Club seats are $90.00, not $45.00. Let's entertain Paul's story for a moment. The price of his ticket is $45.00. The price of parking is between $15.00 to $40.00 for valet per game. The average price of an entree at Kosher Sports is between $11.00 and $20.00. Burgers at the Hard Times Cafe located at the stadium are almost $9.00. The price of a domestic draft beer is $7.50. The price of a mixed drink is between $8.00 and $12.00.
Lets add it up. $45.00 for ticket, $20.00 for parking, $9.00 for a sandwich, $8.00 for a mixed drink, and these prices are the low end. $82.00 is what I get, not $45.00. When you go to the ball park do you only have one beer???
When you go to your seat what are the chances that the CEO and lobbyists of Freddie Mac are sitting next to you? But, according to Paul, it was the Associated Press that is misleading the public.