Freddie’s and Fannie’s Favors

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Freddie’s and Fannie’s Favors
By Matthew Lewis

With Congress set to weigh in on the Federal Reserve and Treasury Department’s plan to rescue Freddie Mac and Fannie Mae, the increase in political contributions by the two corporations’ political action committees is receiving extra attention. Specifically, over the last two congressional cycles, PACs for both groups, which started donating in 2004, have contributed a combined $1,842,297 to federal candidates, according to data gathered by the Center for Responsive Politics.

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