Media Not Reporting Failed Financial Agencies Are Big Donors to Obama

News Busters ^ | 9/21/2008 | Warner Todd Hudson

[markomalley]

In a 2005 video Daniel Mudd, at the time the interim CEO of the catastrophically failed mortgage lender Fannie Mae, affirmed his fealty and that of Fannie Mae to the Congressional Black Caucus. The top three campaign donation recipients were Democrats, number two of which was Barack Obama, yet the media is laying mum on these facts. One wonders what would be going on in the media if John McCain were a top recipient of campaign donations from a market crashing, government bail-out getting organization like Fannie Mae?

The three top campaign donation recipients from Fannie Mae were all Democrats. Chairman of the Senate Banking Committee Senator Chris Dodd (D-CT) got $165,000, Senator Barack Obama (D-IL) was given $126,349, and failed presidential candidate Senator John Kerry (D-MA) took $111,000 from the folks at Fannie Mae. Is this information getting out there?

Most of the top Fannie executives were also Democrats each of whom worked closely with Democratic presidents and Barack Obama. Franklin Raines, Clinton White House budget director, ran Fannie Mae and pocketed $50 million. Jamie Gorelick was a Clinton Justice Department Official (famous for adding to our intelligence failures helping cause the attacks on 9/11) was paid $26 million. Jim Johnson, who most recently served on Obama's VP search committee, was the CEO of Fannie Mae and has also made millions. These Clinton/Obama associates sat at the head of a failing financial agency all the while raking in millions and donating hundreds of thousands to top Democrats.

[Texas Eagle]

You don't expect the paleo-media to do the Republicans' dirty work do you?

I'm hoping to see some ads by Republicans running for Congress to point these things out.

[Lady GOP]

Jim Johnson, who most recently served on Obama's VP search committee, was the CEO of Fannie Mae and has also made millions.

Why doesnt it surprise me the media is not reporting it..

[popdonnelly]

The MSM doesn’t report anything, unless it helps the Democrats.

[Miss Didi]

RUSH: Bush proposed oversight and Democrats rejected it.

How Democrat Thieves Looted Fannie Mae and Freddie Mac



RUSH: McCain is on message, and Obama is clueless.

McCain Hammers Obama on Connection to Raines, Johnson

[Amelia]

Actually, NPR reported this last Wednesday:

But just as Wall Street is known as the financial capital of the country, it's also known — by presidential hopefuls — as the single best place to go for campaign cash. Obama has raised $10 million from the men and women of Wall Street. McCain's take is somewhat less: about $7 million.

More details of which companies financed which candidate at the link.

[PGalt]

Thanks for posting. Very good article by Warner Todd Hudson.

[Kitanis]

What do you all want.. the Press to do their jobs and be objective?

Come on. this is bad news for Obama.. we would not that to get out would we? (EXTREME SARCASIM)

[TribalPrincess2U]

We’re drowning in Zero’s CRAP, and yet the media won’t report anything negative about this POS that is so obvious it’s sickening.

[bushfamfan]

That’s alright because McCain(and Palin) can work it into the debates. After all, Obama had the audacity to open his filthy, lying mouth and try to tie this mess all to McCain. But facts will kinda get in the way and they don’t want to acknowledge that, but are going to be forced to.