Fannie, Freddie donate big to Utah senator

Salt Lake Tribune by Matt Canham | Sep. 12, 2008 (News Report)

Senator has pulled in nearly $108,000 from mortgage giants

When the government took over failed mortgage giants Freddie Mac and Fannie Mae this week, it not only dismissed the companies' CEOs, it also fired an army of lobbyists and shut down a pair of political action committees that had contributed millions to members of Congress. Full Story »

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by Gary Clark - Oct. 1, 2008

This article is specific to Utah's politics, but shows one instance of the influence exerted by lobbyists for the mortgage giants, Freddie and Fannie. The former aides to the Republican senator became lobbyists, and his son worked for one of them. Three Democratic senators received more than the Utah official. We are assured by his spokesperson, "Contributions do not influence the senator's votes." All the money aimed at influencing officials came to an end with the federal takeover.