Freddie, Fannie, and Lehman love Obama
September 17th 2008 08:48 pm
With Wall Street bleeding—literally drowning in a self-created red river—isn’t it curious that these greedy sharks love Obama more than McCain? Many political candidates (in fact I daresay most) are beneficiaries of huge donations by people with lots of money and power. However, I wonder about a man who claims he will “crack down on fraudulent brokers and lenders” and has been “monitoring the subprime mortgage situation for years” yet he doesn’t mention that these same sub-prime people have funded nearly 60 percent of his campaign. One could argue that investors own most of the wealth in this country so of course they are going to be donors to someone’s political campaign. In fact, even John McCain received some money from Fannie and Freddie, but not nearly as much as Obama. Dan Morain of the Los Angeles Times speculates that Obama’s campaign may take a hit now that his friends are broke. Given that last night’s star-studded fundraiser in Los Angeles raised approximately $9 million for Barack’s campaign, I think he’ll be fine.
I’m just glad to know who his friends are …
AWW — XoXo
