There’s another side to the stories today about accounting fraud at Fannie Mae, the quasi-government corporation that insures mortgages – and that is that during the period when the fraud was alleged to take place, the company was one of the biggest soft money donors in the nation.
Beginning in 1997, and continuing through late 2002, Fannie Mae contributed some $3.5 million to national political party committees, according to records compiled by the Center for Responsive Politics. The money was split almost equally between the Democratic (47%) and Republican (53%) parties.
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