Tuesday, September 23, 2008

Following the Financial Crisis Money Trail

By now you've all heard the blames from both parties over whose to blame for the current subprime mortgage induced financial crisis. "Obama and Dodd received more money from Freddie and Fannie than anyone else in goverment." "McCain has a Fannie lobbyist as a financial advisor."

Let's put all the rhetoric aside and follow the money.

Barack Obama, still serving his first term as Senator, has received $1,093,329.00 from Goldman Sachs, Lehman Brothers, Bear Stearns, Fannie Mae, Freddie Mac, AIG, Countrywide Financial, and Washington Mutual, all companies that have collapsed or required a federal baillout in order to survive. That's an average of nearly $300,000 per year that Obama has received from these companies.

From the period of 1990-2008, nearly 18 years, Senator John McCain received contributions from the same companies totaling $549,584.00 or an average of about $30,000 per year.

Data provided by OpenSecrets.org

1 comment:

Anonymous said...

The slogan for this year's election really is "The Lesser Of Two Evils".

Neither one is qualified, both are crooks (in a nutshell), and both are not worth the mud on my shoes.


So... let me see... I can vote for "Evil Guy #1" or "Evil Guy #2".

Maybe I can be optimistic about it and vote for their VP's hoping that Prez will resign, get impeached, or die.


I can do something constructive with my life on election day and dig a bunker in my backyard to hide out in for the next four years.