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Sen. Reid’s Revealing Email

July 23, 2008 - 1:56 pm - by Richard Miniter

The incomparable Robert Bluey has gotten ahold of an email sent by a senior staffer for Senate Majority Leader Reid to a top Washington lobbyist. It is one of these little things that tells you a lot about how our government really works.

The email begs for help to stop Republican Senator Jim Demint from curtailing the excesses of Fannie and Freddie Mac, the government-backed mortgage securities corporations. Fannie and Freddie have been hiring top congressional staffers and lavishly backing the campaigns of incumbents. Are they simply buying protection from regulatory scrutiny?

It certainly looks that way. This email–a bona fide scoop by Red State–is more evidence of that.

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1 Comments, 1 Threads

  1. 1. TJ

    Rich,

    Dead on as usual. While it is essential that “market makers” such as Freddie and Fannie remain alive, there needs to be SOME sort of penalty borne by those organizations.

    TJ

    July 24, 2008 - 9:27 am   Link to this Comment