Mortgage firm arranged stealth campaign (FreddieMac payed $2mil to DCI)
source: http://ap.google.com/article/ALeqM5j-G-fDVnv0WN1pXdMWjXX43CjyeAD93TM5QO0
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- Apocalipstick
- added this
Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.
In the cross hairs of the campaign carried out by DCI of Washington were Republican senators and a regulatory overhaul bill sponsored by Sen. Chuck Hagel, R-Neb. DCI's chief executive is Doug Goodyear, whom John McCain's campaign later hired to manage the GOP convention in September.
Freddie Mac's payments to DCI began shortly after the Senate Banking, Housing and Urban Affairs Committee sent Hagel's bill to the then GOP-run Senate on July 28, 2005. All GOP members of the committee supported it; all Democrats opposed it.
In the midst of DCI's yearlong effort, Hagel and 25 other Republican senators pleaded unsuccessfully with Senate Majority Leader Bill Frist, R-Tenn., to allow a vote.
In the cross hairs of the campaign carried out by DCI of Washington were Republican senators and a regulatory overhaul bill sponsored by Sen. Chuck Hagel, R-Neb. DCI's chief executive is Doug Goodyear, whom John McCain's campaign later hired to manage the GOP convention in September.
Freddie Mac's payments to DCI began shortly after the Senate Banking, Housing and Urban Affairs Committee sent Hagel's bill to the then GOP-run Senate on July 28, 2005. All GOP members of the committee supported it; all Democrats opposed it.
In the midst of DCI's yearlong effort, Hagel and 25 other Republican senators pleaded unsuccessfully with Senate Majority Leader Bill Frist, R-Tenn., to allow a vote.
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Conniepae
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Since mainstream media has not covered this, let me SCREAM:
FREDDIE MAC **SECRETLY** PAID A **REPUBLICAN CONSULTING FIRM** $2,000,000.00 TO KILL LEGISLATION THAT WOULD HAVE REGULATED AND TRIMMED THE MORTGAGE FINANCE GIANT AND ITS SISTER COMPANY, FANNIE MAE, **THREE YEARS BEFORE THE GOVERNMENT TOOK CONTROL TO PREVENT THEIR COLLAPSE**. Nothing to see here, move along? Double standards by mainstream media? Yes!
- 3 years ago
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Conniepae
