Sunlight Foundation

You Can Markup the Bills on the Mortgage Industry Bail Out

Congress is moving rapidly to enact a gigantic taxpayer bailout of the financial sector, with a potential cost of $700 billion or more than $2,000 per American citizen. We believe, as Justice Brandeis said, that "Sunlight is the best of disinfectants," and that all legislation ought to be open to public comment and consideration in real-time, not just after the fact.

So, as a public service, Sunlight is posting the proposals that are receiving the most attention by Congress and the Administration - and by you, the people. We invite you to review the bills and share your feedback. Just as you helped us write our model transparency bill you can share your knowledge online and show Congress what you really want to see in this vital legislation.

As we ponder the significance of the Internet this One Web Day, what better way to show how we can use this awesome medium for positive change by ending secret legislation in Washington?

Freddie Mac Discontinues Party

Mortgage giant Freddie Mac, a recent recipient of a federal bailout, will not throw a party during the Democratic nominatin convention in Denver. When I'm broke I can't go to a party, let alone throw one for a bunch of lobbyists and politicos. So I understand.

Freddie Mac might be saving some money and face in this decision, but they've been happily doling out money to committees that provide oversight over the mortgage industry. Below is a chart of Freddie Mac's PAC contributions to active members of the House. Financial Services Committee members are highlighted:

Freddie Mac PAC Contributions to the House 2007-2008 Financial Services members highlighted with the color of money
Ackerman, Gary (D-NY) $1,000
Baca, Joe (D-CA) $3,000
Bachmann, Michele Marie (R-MN) $2,500
Bachus, Spencer (R-AL) $2,500
Bean, Melissa (D-IL) $6,999
Becerra, Xavier (D-CA) $1,000
Biggert, Judy (R-IL) $1,000
Boehner, John (R-OH) $7,500
Brown-Waite, Ginny (R-FL) $1,000
Cantor, Eric (R-VA) $7,000
Capito, Shelley Moore (R-WV) $1,000
Clay, William L Jr (D-MO) $1,000
Cleaver, Emanuel (D-MO) $1,000
Clyburn, James E (D-SC) $1,500
Cole, Tom (R-OK) $1,000
Crowley, Joseph (D-NY) $1,000
Cummings, Elijah E (D-MD) $1,000
Davis, Geoff (R-KY) $1,000
Davis, Lincoln (D-TN) $1,000
Davis, Tom (R-VA) $4,999
Frank, Barney (D-MA) $4,500
Heller, Dean (R-NV) $1,000
Hinojosa, Ruben (D-TX) $1,000
Hodes, Paul W (D-NH) $1,000
Honda, Mike (D-CA) $2,000
Israel, Steve (D-NY) $1,000
Jones, Stephanie Tubbs (D-OH) $1,000
Kanjorski, Paul E (D-PA) $3,000
Klein, Ron (D-FL) $1,000
LaTourette, Steven C (R-OH) $2,000
Lewis, John (D-GA) $1,000
Lynch, Stephen F (D-MA) $1,000
Mahoney, Tim (D-FL) $1,000
Maloney, Carolyn B (D-NY) $1,000
Marshall, Jim (D-GA) $1,000
McCarthy, Kevin (R-CA) $1,000
McCrery, Jim (R-LA) $1,000
McHenry, Patrick (R-NC) $1,000
Meek, Kendrick B (D-FL) $1,000
Meeks, Gregory W (D-NY) $1,000
Miller, Brad (D-NC) $1,000
Miller, Gary (R-CA) $3,000
Moore, Dennis (D-KS) $1,000
Moore, Gwen (D-WI) $1,000
Murphy, Chris (D-CT) $1,000
Napolitano, Grace (D-CA) $1,000
Neugebauer, Randy (R-TX) $3,500
Pelosi, Nancy (D-CA) $7,500
Pomeroy, Earl (D-ND) $500
Pryce, Deborah (R-OH) $1,000
Rangel, Charles B (D-NY) $2,000
Renzi, Rick (R-AZ) $1,000
Reynolds, Tom (R-NY) $1,000
Rogers, Mike (R-MI) $1,000
Roskam, Peter (R-IL) $1,000
Sherman, Brad (D-CA) $1,000
Slaughter, Louise M (D-NY) $1,000
Thompson, Bennie G (D-MS) $1,000
Tiberi, Patrick J (R-OH) $1,000
Velazquez, Nydia M (D-NY) $3,000
Watt, Melvin L (D-NC) $1,000
Spreading the wealth around. I'll look at the Senate and giving from executives a little later.