What a concept!
Fannie Mae and Freddie Mac should be forbidden by law from donating to political candidates.
16th District Congressman Don Manzullo has proposed that both formerly quasi-governmental entities should be forbidden from lobbying and having Political Action Committees.
Manzullo, a member of the House Financial Services Committee, has not taken no money from the two financial giants in his almost 16 years in office, according to Associated Press.
Meanwhile, take a look at the Illinois politician who ranked second in the United States of American in receiving political contributions from Freddie Mac, Fannie Mae and their executives:
All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008
|
Name |
Office |
State |
Party |
Grand Total |
Total from |
Total from |
|
Dodd, Christopher J |
S |
CT |
D |
$165,400 |
$48,500 |
$116,900 |
|
Obama, Barack |
S |
IL |
D |
$126,349 |
$6,000 |
$120,34 |
And Illinois Congresswoman Melissa Bean?
The Chicago Tribune reports,
“Two-term Illinois Rep. Melissa Bean, a Democrat from suburban Chicago, has received a total of $35,000 from Freddie and Fannie PACs, the most among the five Illinois representatives on the House Financial Services Committee.“
= = = = =
This picture was taken at the NFIB meeting last month.