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Freddie Mac investigates self over lobby campaign
AP on Yahoo ^ | 2/23/09 | Pete Yost - ap

Posted on 02/23/2009 10:11:14 AM PST by NormsRevenge

WASHINGTON – Lawyers hired by mortgage finance giant Freddie Mac are quietly investigating the firm's own $2 million lobbying campaign, The Associated Press has learned. The lobbying effort helped quash proposed new regulations on the company before the housing market collapsed.

It was not immediately clear how much Freddie Mac is spending to investigate its own conduct or whether it is spending any federal bailout money on the internal probe. The firm was placed under U.S. government control due to its massive investment losses.

One of Washington's leading law firms, Covington & Burling LLP, has spent more than a month interviewing current and former Freddie Mac employees and executives,...

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Crime/Corruption; Extended News; Front Page News; Government; Politics/Elections
KEYWORDS: bailout; campaign; corruption; democrats; economy; frank; freddiemac; investigates; lobby

1 posted on 02/23/2009 10:11:15 AM PST by NormsRevenge
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The headquarters of mortgage lender Freddie Mac is seen in Mclean, Virginia, near Washington, September 8, 2008. (Jason Reed/Reuters)


2 posted on 02/23/2009 10:13:02 AM PST by NormsRevenge (Semper Fi ... Godspeed.)
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To: NormsRevenge

This will be another case of Democrats investigating themselves and declaring, “We have found no wrongdoing on our part”.

Hey America! Are you tired of these people yet?


3 posted on 02/23/2009 10:19:40 AM PST by ChicagahAl (Don't blame me. I voted for Sarah.)
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To: NormsRevenge

An investigation to determine if a corrupt Federal agency is corrupt, is in and of itself a corruption.


4 posted on 02/23/2009 10:23:25 AM PST by CarryingOn
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To: NormsRevenge

What happened to Antitrust Law enforcement with Fricky Fredie and Fanny, haa!!??

Instead government gets prostituted into “business” has no business to be in!!!


5 posted on 02/23/2009 10:23:35 AM PST by Leo Carpathian (fffffFRrrreeeeepppeeee-ssed!)
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To: NormsRevenge
"Lawyers hired by mortgage finance giant Freddie Mac are quietly investigating the firm's own $2 million lobbying campaign,..."


Freddie Mac checked himself out and
announces he is clean.

6 posted on 02/23/2009 10:24:38 AM PST by Spunky
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To: NormsRevenge

How convenient. NBC’s David Gregory’s wife is their lawyer.


7 posted on 02/23/2009 10:41:04 AM PST by Diogenesis (Quis custodiet ipsos custodes?)
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To: ChicagahAl

No, the American People are not tired of the Democrats.

In fact, they are quite giddy about all the “freebies” they are about to enjoy.


8 posted on 02/23/2009 10:42:30 AM PST by Boiling Pots (The Gov't trying to fix the economy is like the Three Stooges trying to fix your plumbing)
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To: NormsRevenge

Isn’t this even worse than letting the fox guard the hen house?


9 posted on 02/23/2009 10:45:18 AM PST by b4its2late (Ignorance allows liberalism to prosper.)
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To: Diogenesis

Talk about your Gubamint Media Complex CYAing for each other .. not your untypical incestuous scenario of late in the Beltway,, but juicy nonetheless.. Thanks!


10 posted on 02/23/2009 10:46:01 AM PST by NormsRevenge (Semper Fi ... Godspeed.)
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To: b4its2late
Freddie Mac investigates self over lobby campaign

Probably be as effective as breast self-examination. By the time the patient is able to feel something, the disease has already progressed to a dangerous point (if it's cancer).
11 posted on 02/23/2009 10:48:06 AM PST by aruanan
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To: NormsRevenge

As Rush said, no problem — I will hire my own lawyers to review my IRS filings.


12 posted on 02/23/2009 1:54:08 PM PST by Oldeconomybuyer (The democRATS are near the tipping point.)
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