Money talks....

Is this any surprise?  Looks like the same people who wouldn't effectively provide any oversight on these two Government "Kids", are the same one's who were getting campaign contributions.  Can you believe it?

By the way, Sen. Dodd probably didn't know that he had received these funds, just as he didn't realize that he was being given preferential treatment on his mortgages.....(the Dem's must be glad he didn't win the primary)

Fannie Mae and Freddie Mac Invest in Democrats

The federal government recently announced that it will come to the rescue of Freddie Macand Fannie Mae, two embattled mortgage buyers that for years have pursued a lobbying strategy to get lawmakers on their side. Both companies have poured money into lobbying and campaign contributions to federal candidates, parties and committees as a general tactic, but they've also directed those contributions strategically. In the 2006 election cycle, Fannie Mae was giving 53 percent of its total $1.3 million in contributions to Republicans, who controlled Congress at that time. This cycle, with Democrats in control, they've reversed course, giving the party 56 percent of their total $1.1 million in contributions. Similarly, Freddie Mac has given 53 percent of its $555,700 in contributions to Democrats this cycle, compared to the 44 percent it gave during 2006. 

Fannie Mae and Freddie Mac have also strategically given more contributions to lawmakers currently sitting on committees that primarily regulate their industry. Fifteen of the 25 lawmakers who have received the most from the two companies combined since the 1990 election sit on either the House Financial Services Committee; the Senate Banking, Housing & Urban Affairs Committee; or the Senate Finance Committee. The others have seats on the powerful Appropriations or Ways & Means committees, are members of the congressional leadership or have run for president. Sen. Chris Dodd (D-Conn.), chairman of the Senate banking committee, has received the most from Fannie and Freddie's PACs and employees ($133,900 since 1989). Rep. Paul Kanjorski (D-Pa.) has received $65,500. Kanjorski chairs the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, and Freddie Mac and Fannie Mae are government-sponsored enterprises, or GSEs. 

Top Recipients of Fannie Mae and Freddie Mac
Campaign Contributions, 1989-2008

Name	Office	Party/State	Total
1. Dodd, Christopher J	S	D-CT	$133,900
2. Kerry, John	S	D-MA	$111,000
3. Obama, Barack	S	D-IL	$105,849
4. Clinton, Hillary	S	D-NY	$75,550
5. Kanjorski, Paul E	H	D-PA	$65,500
6. Bennett, Robert F	S	R-UT	$61,499
7. Johnson, Tim	S	D-SD	$61,000
8. Conrad, Kent	S	D-ND	$58,991
9. Davis, Tom	H	R-VA	$55,499
10. Bond, Christopher S 'Kit'	S	R-MO	$55,400
11. Bachus, Spencer	H	R-AL	$55,300
12. Shelby, Richard C	S	R-AL	$55,000
13. Emanuel, Rahm	H	D-IL	$51,750
14. Reed, Jack	S	D-RI	$50,750
15. Carper, Tom	S	D-DE	$44,389
16. Frank, Barney	H	D-MA	$40,100
17. Maloney, Carolyn B	H	D-NY	$38,750
18. Bean, Melissa	H	D-IL	$37,249
19. Blunt, Roy	H	R-MO	$36,500
20. Pryce, Deborah	H	R-OH	$34,750
21. Miller, Gary	H	R-CA	$33,000
22. Pelosi, Nancy	H	D-CA	$32,750
23. Reynolds, Tom	H	R-NY	$32,700
24. Hoyer, Steny H	H	D-MD	$30,500
25. Hooley, Darlene	H	D-OR	$28,750