Fannie and Freddie Simplified

There's true blame to divvy out but the MSM is seeing and hearing none of it. With the MSM and the Dems, obfuscation is preferable.

Now that the collapse has occurred, the roadblock built by Senate Democrats in 2005 is unforgivable. Many who opposed the bill doubtlessly did so for honorable reasons. Fannie and Freddie provided mounds of materials defending their practices. Perhaps some found their propaganda convincing.

But we now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years.

Throughout his political career, Obama has gotten more than $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac, second only to Dodd, the Senate Banking Committee chairman, who received more than $165,000.

It's noteworthy to mention that Obama received his contributions in a much shorter period of time than the others. So, it can be said that Obama's account was flooded at a faster rate.

More.