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I received this interesting email today:

Important information that needs to get out from the American Spectator. If
only half of the stuff that is coming out about this guy is true, then
voting for him has got to be a purely emotional act without sense or reason.

Fanny, Freddie, and Obama
By The Prowler
Published 9/8/2008 12:08:38 AM

When President George W. Bush nominated Henry Paulson to
serve as Treasury Secretary, Republicans raised a red flag that Paulson,
who, along with his wife, has strong ties to the Democrat party, would not
be an honest broker with Republicans.

That seems to have been borne out, with sources inside of
Treasury reporting that Paulson briefed Sen. Barack Obama and his campaign
advisers on the Fannie Mae and Freddie Mac bailout plan before offering such
a briefing to the McCain campaign.

In fact, the McCain campaign had sought a similar briefing
several days ago as word spread that a bailout plan was to be unveiled and
had been turned down by Paulson’s senior staff.

The next question is: Why was the Obama campaign so keen
on getting advanced word about the bailout?

“They have a huge problem with the mortgage and housing
market story, and everyone is missing it,” says a Republican political media
consultant with ties to the Obama campaign due to the bipartisan nature of
the firm he does work with.

“You look at Obama’s economic advisers, the guys he has
counted on from day one and who have raised him a ton — and I mean a ton —
of money: Franklin Raines and Jim Johnson, both of them are waist to neck
deep in the mortgage debacle.”

Both Raines and Johnson have served as CEO of Fannie Mae,
with Raines taking over from Johnson. Both are key political and economic
advisers to Obama.

“How can Obama go out with a straight face and saw it was
Republicans who made this mess, when it is his key advisers who ran the
agencies that made the big mess what it is?” says a Democrat House member
who supported Sen. Hillary Rodham Clinton. “It’s his people who are
responsible for what may well be the single largest government bailout in
history. And every single one of them made millions off the collapse that
are lining Obama’s campaign coffers. If the McCain campaign let’s this one
go, they deserve to lose.”

It isn’t just Fannie Mae where Obama has a problem.
Another close political adviser, in fact the one man responsible for
rallying support for Obama early on among Congressional Democrats, is Rep.
Rahm Emanuel, who served on the Board of Directors for Freddie Mac after
leaving the Clinton White House. According to Freddie Mac insiders, Emanuel
during his time on the board opposed every reform proposed by the Bush
Administration that would have impacted Freddie and Fannie Mae.

Emanuel claimed to be neutral in the primary race between
the wife of his old boss and his longtime Chicago acquaintance, Obama. But
the chairman of the House Democratic Caucus, who would be first in line for
the vacated Senate seat of Obama should he win the presidency, quickly
dumped Clinton when it was clear Obama had a head of steam for the
nomination.

“We ought to be able to — rightly — hang the Fannie and
Freddie scandal around the neck of Obama, if they can get out in front,”
says a House Republican. “Middle-class folks’ mortgages are probably safe,
but the American taxpayer will also be paying for this scandal for years to
come.”