Obama and Lehmans

iVillage Member
Registered: 12-17-2006
Obama and Lehmans
16
Wed, 09-17-2008 - 2:37pm
The turmoil in the capital markets is bad news and is forcing each candidate to reassess their current pronouncements on the economy. So, let’s ask some questions. Of the two candidates for President, who got the most money from the two financial giants now in the news–Lehman Brothers and AIG?

McCain received $117,500 from Lehman Bros.
Obama received $370,524 from Lehman Bros.


How about AIG?


John McCain got $36,875 from AIG
Barack Obama raked in $75,899 (+205%)


Got that? Barack Obama, the guy who supposedly is not beholden to special interests, took three times as much money from Lehman Brothers and more than twice as much from AIG.


Gee, and who did the now Government financed mortgage broker Fannie Mae give its money to when it wanted to influence a politician?


OpenSecrets lists the top three politicians in which FNMA “invested” from 1989 to 2008.


Top Recipients of Fannie Mae/Freddie Mac Campaign Contributions, 1989-2008Name Office State Party Grand Total


Dodd, Christopher S CT D $165,400
Obama, Barack S IL D $126,349 ($6000 came from the PAC)
Kerry, John S MA D $111,000


What about McCain?


The folks at Fannie Mae didn’t show him a lot of love. According to Open Secrets:


McCain, John S AZ R $21,550 (all from individuals).


Oh yeah, and who tabbed the former head of Fannie Mae to head up his Vice Presidential search team? OBAMA, that’s who. Back in May Barack turned to Jim Johnson, former CEO of Fannie Mae.


When it came time for a tough decision who did Barack turn to? A former community organizer per chance? Hell no! He went with the inside the beltway uber lobbyist.”

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iVillage Member
Registered: 08-25-2008
Wed, 09-17-2008 - 3:56pm

Fannie Mae and Freddie Mac have always been in league with the democrats.

iVillage Member
Registered: 03-26-2003
Wed, 09-17-2008 - 8:54pm
A question. How much of a role did either McCain or Obama play in the decision to rescue AIG? Everything I've read, heard, or viewed, indicates that it was a BushCo decision in conjunction with the Federal Reserve. You have proof to the contrary?

Gettingahandle


Ignorance is Nature's most abundant fuel for decision making.


Facts stifle the will, hobble conviction.

Gettingahandle

Ignorance is Nature's most abundant fuel for decision making.

iVillage Member
Registered: 08-25-2008
Fri, 09-19-2008 - 7:01am

I haven't seen any evidence that either of them were involved.

iVillage Member
Registered: 08-13-2008
Fri, 09-19-2008 - 7:21am
The key element here is that both received campaign funding.

Full length fiction: worlds undone

"You have no power over my body..." ~ Anne Hutchinson

iVillage Member
Registered: 10-01-2004
Fri, 09-19-2008 - 8:48am

Obama has a long-standing interest in housing.

iVillage Member
Registered: 08-25-2008
Fri, 09-19-2008 - 9:24am
Although Obama has received much much more from them.
iVillage Member
Registered: 08-13-2008
Fri, 09-19-2008 - 5:48pm
How far back did they serve? Interesting take on the economic crisis on NPR this afternoon... very enlightening, and point right at regulation changes over the last 8 years (one of which would have fell under Clinton, at least as I understood it.)

Full length fiction: worlds undone

"You have no power over my body..." ~ Anne Hutchinson

iVillage Member
Registered: 08-25-2008
Fri, 09-19-2008 - 11:06pm
if I am not mistaken, they were two of the last three CEOs
iVillage Member
Registered: 04-02-2008
Fri, 09-19-2008 - 11:13pm
lets not forget gore has a stake in lehmans, just a note,
iVillage Member
Registered: 04-02-2008
Fri, 09-19-2008 - 11:14pm

AIG isn't lehmans, you dont save aig you topple alot of pensions etc


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