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Fact Check: Did Obama ‘profit’ from Fannie and Freddie? September 19, 2008

Posted by trouble97018 in Economy, News, Obama, Politics.
September 19, 2008
Posted: 10:16 AM ET

Amid “corruption at Fannie Mae and Freddie Mac,” Sen. Barack Obama “profited from this system of abuse and scandal. While Fannie and Freddie were working to keep Congress away from their house of cards, Senator Obama was taking their money. He got more, in fact, than any other member of Congress, except for the Democratic chairman of the committee that oversees them.” —Sen. John McCain, at a campaign stop Friday, September 19, in Green Bay, Wisconsin.

What are the facts? Find out after the jump.

The Facts
Federal law forbids candidates from receiving money directly from companies. The nonpartisan Center for Responsive Politics tracks donations from employees of various companies. The center’s list of contributions from Fannie and Freddie employees places Obama second. Ahead of him is Sen. Chris Dodd,

Democratic chairman of the Senate Banking Committee.  Source Article



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