Financial Bailout: Who does Frank see at his fundraisers?
By Bill Allison Sep 24 2008 8:52 p.m.Among Rep. Barney Frank's top career donors are employees, their family members and PACs of the following players in the nation's financial meltdown: American Bankers Association (wants Fannie Mae and Freddie Mac to continue paying dividends, despite going bust), J.P. Morgan Chase & Co. (which bought Bear Stearns), National Association of Realtors (working to "assure a robust secondary mortgage market"), UBS AG (which hopes the bailout will include foreign banks), Securities Industry & Financial Markets Association (hopes Congress will "hastily approve" the administration's plan), Credit Union National Association (members are included in any bailout plan), Bank of America (acquired Merrill Lynch and Countrywide Financial, once the largest mortgage lender in the U.S.), and the Mortgage Bankers Association (opposes efforts to allow bankruptcy judges to alter mortgage terms).
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