Freddie Mac

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Freddie Mac is the common name for the Federal Home Loan Mortgage Corporation (FHLMC), "a corporation authorized by Congress to provide a secondary market for residential mortgages." [1] Freddie Mac is a company bailed out by the US Government, along with Fannie Mae

Lobbying

The top three recipients of campaign contributions from Freddie Mac over the last two decades were all Democrats.[2]

No.1 Connecticut Senator Chris Dodd  
No.2 Illinois Senator Barack Obama  
No.3 Massachusetts Senator John Kerry

References

  1. Blaming Fannie and Freddie, Ben Zimmer, Visual Thesaurus, September 16, 2008
  2. White House Fires Back at Times Over Housing Meltdown Story Fox News, December 22, 2008