Difference between revisions of "Fannie Mae"
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'''Fannie Mae''' is the common name for the Federal National Mortgage Association (FNMA). <ref>[http://www.visualthesaurus.com/cm/wordroutes/1529/ Blaming Fannie and Freddie], Ben Zimmer, ''Visual Thesaurus'', September 16, 2008</ref> Fannie Mae is a company that deals with the secondary [[mortgage]] market. It was founded by the U.S. government in order to provide liquidity for mortgages. The company was bailed out by the US Government in 2008 (along with [[Freddie Mac]]). | '''Fannie Mae''' is the common name for the Federal National Mortgage Association (FNMA). <ref>[http://www.visualthesaurus.com/cm/wordroutes/1529/ Blaming Fannie and Freddie], Ben Zimmer, ''Visual Thesaurus'', September 16, 2008</ref> Fannie Mae is a company that deals with the secondary [[mortgage]] market. It was founded by the U.S. government in order to provide liquidity for mortgages. The company was bailed out by the US Government in 2008 (along with [[Freddie Mac]]). | ||
| + | |||
| + | ==Lobbying== | ||
| + | The top three recipients of campaign contributions from Fannie Mae over the last two decades were all Democrats. <ref>[http://www.foxnews.com/politics/2008/12/22/white-house-fires-times-housing-meltdown-story/ White House Fires Back at Times Over Housing Meltdown Story] Fox News, December 22, 2008</ref> | ||
| + | No.1 Connecticut Senator [[Chris Dodd]] | ||
| + | No.2 Illinois Senator [[Barack Obama]] | ||
| + | No.3 Massachusetts Senator [[John Kerry]] | ||
==References== | ==References== | ||
Revision as of 01:54, December 23, 2008
Fannie Mae is the common name for the Federal National Mortgage Association (FNMA). [1] Fannie Mae is a company that deals with the secondary mortgage market. It was founded by the U.S. government in order to provide liquidity for mortgages. The company was bailed out by the US Government in 2008 (along with Freddie Mac).
Lobbying
The top three recipients of campaign contributions from Fannie Mae 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
- ↑ Blaming Fannie and Freddie, Ben Zimmer, Visual Thesaurus, September 16, 2008
- ↑ White House Fires Back at Times Over Housing Meltdown Story Fox News, December 22, 2008