The following is taken from a website called opensecrets.org. This is the reason these entities were never properly regulated and we find ourselves about to spend billions of dollars to bail them out. I seriously suggest that anyone in the top fifty of this list (I did not publish the entire list) be voted out of Congress in the upcoming election. This is another example of the need for term limits and no pensions for congressmen and congresswomen. They need to be forced to live under the laws they enact and with the consequences of their actions.
Update: Fannie Mae and Freddie Mac Invest in Lawmakers
When the federal government announced two months ago that it would prop up mortgage buyers Fannie Mae and Freddie Mac, CRP looked at how much money members of Congress had collected since 1989 from the companies. On Sunday the government completely took over the two government-sponsored enterprises, and we've returned to our data to bring you the updates, this time providing a list of all 354 lawmakers who have gotten money from Fannie Mae and Freddie Mac (in July we posted the top 25). These totals are based on data released electronically from the FEC on Sept. 2 and include contributions to lawmakers' leadership PACs and candidate committees from the floundering companies' PACs and employees. Current members of Congress have received a total of $4.8 million from Fannie Mae and Freddie Mac, with Democrats collecting 57 percent of that. This week we also wrote about how much money lawmakers had invested of their own money in the companies last year--a total of up to $1.7 million.
Top Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008
| Name | Office | State | Party | Grand Total | Total from PACs |
Total from Individuals |
| Dodd, Christopher J | S | CT | D | $165,400 | $48,500 | $116,900 |
| Obama, Barack | S | IL | D | $126,349 | $6,000 | $120,349 |
| Kerry, John | S | MA | D | $111,000 | $2,000 | $109,000 |
| Bennett, Robert F | S | UT | R | $107,999 | $71,499 | $36,500 |
| Bachus, Spencer | H | AL | R | $103,300 | $70,500 | $32,800 |
| Blunt, Roy | H | MO | R | $96,950 | $78,500 | $18,450 |
| Kanjorski, Paul E | H | PA | D | $96,000 | $57,500 | $38,500 |
| Bond, Christopher S 'Kit' | S | MO | R | $95,400 | $64,000 | $31,400 |
| Shelby, Richard C | S | AL | R | $80,000 | $23,000 | $57,000 |
| Reed, Jack | S | RI | D | $78,250 | $43,500 | $34,750 |
| Reid, Harry | S | NV | D | $77,000 | $60,500 | $16,500 |
| Clinton, Hillary | S | NY | D | $76,050 | $8,000 | $68,050 |
| Davis, Tom | H | VA | R | $75,499 | $13,999 | $61,500 |
| Boehner, John | H | OH | R | $67,750 | $60,500 | $7,250 |
| Conrad, Kent | S | ND | D | $64,491 | $22,000 | $42,491 |
| Reynolds, Tom | H | NY | R | $62,200 | $53,000 | $9,200 |
| Johnson, Tim | S | SD | D | $61,000 | $20,000 | $41,000 |
| Pelosi, Nancy | H | CA | D | $56,250 | $47,000 | $9,250 |
| Carper, Tom | S | DE | D | $55,889 | $31,350 | $24,539 |
| Hoyer, Steny H | H | MD | D | $55,500 | $51,500 | $4,000 |
| Pryce, Deborah | H | OH | R | $55,500 | $45,000 | $10,500 |
| Emanuel, Rahm | H | IL | D | $51,750 | $16,000 | $35,750 |
| Isakson, Johnny | S | GA | R | $49,200 | $35,500 | $13,700 |
| Cantor, Eric | H | VA | R | $48,500 | $46,500 | $2,000 |
| Crapo, Mike | S | ID | R | $47,250 | $40,500 | $6,750 |
| Frank, Barney | H | MA | D | $42,350 | $30,500 | $11,850 |
| Bean, Melissa | H | IL | D | $41,249 | $34,999 | $6,250 |
| Bayh, Evan | S | IN | D | $41,100 | $16,500 | $24,600 |
| McConnell, Mitch | S | KY | R | $41,000 | $40,000 | $1,000 |
| Maloney, Carolyn B | H | NY | D | $39,750 | $16,500 | $23,250 |
Leave a comment