Freddie & Fannie PAC Spending


	Freddie & Fannie PAC Spending

Rustee

8-14-2009 8:11 PM

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tags:

government

Rustee says:

In the 2008 cycle, Fannie Mae PAC has contributed a total of $617,900 to congressional members; Freddie PAC gave $202,997 to members of Congress. More than half of that total — $489,998 — was designated for persons in leadership positions or who sit on either the House Financial Services Committee or the Senate Committee on Banking, Housing, and Urban Affairs.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/cbae4508-57a9-44e1-8865-5e5ab5b47428/1004C90A-1628-4804-826E-F86D954F7FB2/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.publicintegrity.org/blog/entry/361" href="http://www.publicintegrity.org/blog/entry/361" style="font-size: 11px;">www.publicintegrity.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.publicintegrity.org/blog/entry/361">Freddie and Fannie political spending takes many forms</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.publicintegrity.org/blog/entry/361">over the last two congressional cycles, PACs for both groups, which started donating in 2004, have contributed a combined $1,842,297 to federal candidates, according to data <A title="gathered by the Center for Responsive Politics" href="http://www.opensecrets.org/news/2008/07/help-is-on-the-way-for-embattl.html">gathered by the Center for Responsive Politics</A>. 
				</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.publicintegrity.org/blog/entry/361"><P>The 2005 Center for Public Integrity <I>PowerTrips</I> investigation highlighted instances of Freddie and Fannie-sponsored travel in an examination of five-and-a-half years of congressional documents. </p> <P>The Center found that during the period between January 1, 2000, and June 30, 2005, <A title="Freddie Mac paid" href="http://projects.publicintegrity.org/powertrips/handler_search.aspx?act=link&x=10&sponsor=T000698&name=Freddie+Mac">Freddie Mac paid</A> $16,939.52 for 11 congressional staff trips. <A title="Fannie Mae nearly doubled" href="http://projects.publicintegrity.org/powertrips/handler_search.aspx?act=link&x=10&sponsor=T000679&name=Fannie+Mae">Fannie Mae nearly doubled</A> that total, picking up the tab for 21 trips at a combined fee of $32,643.62.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.publicintegrity.org/blog/entry/361">Freddie Mac’s big-spending ways have already come in for some scrutiny. In 2006 the corporation agreed to pay a record $3.8 million in settlement fines for violating federal election law after channeling money into the campaigns of more than 50 congressional members.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.publicintegrity.org/blog/entry/361"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.publicintegrity.org/img/F02E047A-C8F9-4B0C-83A9-7398FBA315C1" alt="image" /></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/1004C90A-1628-4804-826E-F86D954F7FB2/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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