wallynut
07-29-2008, 05:06 PM
federal Bailout
Freddie, Fannie Funded Jesse Jackson’s Pet Projects
Tuesday, July 22, 2008
By Keriann Hopkins, Correspondent
The Rev. Jesse Jackson speaks at a news conference in Chicago, July 9, 2008. (AP Photo/Russel A. Daniels)(CNSNews.com) - Mortgage giants Freddie Mac and Fannie Mae have come under fire for making contributions to programs headed by the Rev. Jesse Jackson at a time when their own survival is at stake.
Peter Flaherty, founder and president of the conservative National Legal and Policy Center (NLPC), told Cybercast News Service that the gifts to Jackson were “clearly inappropriate” and “extremely controversial.”
The NLPC says the management teams of both companies made sizeable contributions to the Rainbow/PUSH Coalition and Citizenship Education Fund Annual Conference, Jackson’s main fundraising event of the year. The conference took place June 28 through July 2 in Chicago.
According to the conference program, obtained by an NLPC staff member who attended the event, Freddie Mac, as a “Platinum Sponsor,” paid $150,000. Fannie Mae paid $100,000 to be listed as a “Diamond Sponsor.”
Freddie, Fannie Funded Jesse Jackson’s Pet Projects
Tuesday, July 22, 2008
By Keriann Hopkins, Correspondent
The Rev. Jesse Jackson speaks at a news conference in Chicago, July 9, 2008. (AP Photo/Russel A. Daniels)(CNSNews.com) - Mortgage giants Freddie Mac and Fannie Mae have come under fire for making contributions to programs headed by the Rev. Jesse Jackson at a time when their own survival is at stake.
Peter Flaherty, founder and president of the conservative National Legal and Policy Center (NLPC), told Cybercast News Service that the gifts to Jackson were “clearly inappropriate” and “extremely controversial.”
The NLPC says the management teams of both companies made sizeable contributions to the Rainbow/PUSH Coalition and Citizenship Education Fund Annual Conference, Jackson’s main fundraising event of the year. The conference took place June 28 through July 2 in Chicago.
According to the conference program, obtained by an NLPC staff member who attended the event, Freddie Mac, as a “Platinum Sponsor,” paid $150,000. Fannie Mae paid $100,000 to be listed as a “Diamond Sponsor.”