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Home » Store » News » Freddie and Fannie Could Lose Political Clout If House Follows Senate in Banning Soft Money

Freddie and Fannie Could Lose Political Clout If House Follows Senate in Banning Soft Money

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If the House follows the Senate’s recent lead in banning soft money spending as part of current campaign finance reform efforts, two of the biggest losers in terms of purchased political clout could be mortgage giants Freddie Mac and Fannie Mae. According to Federal Election Commission data, both government-sponsored enterprises are currently among the top 20 companies in America in so-called soft money donations to political parties. And while it remains a big "if" on
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