Manzullo Calls for End to Freddie Mac and Fannie Mae PAC’s

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
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

$120,34

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.“

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This picture was taken at the NFIB meeting last month.


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