Tim Stewart worked for Bob Bennett as a legislative assistant for seven years. In 1999, Stewart left Bennett’s office to work for Fannie Mae in Utah. Bob Bennett’s son joined Stewart working for Fannie Mae.
In 2006, Bennett’s former chief of staff, Chip Yost, left Bennett’s office to become a lobbyist. Guess who his client is? Fannie Mae.
Tim Stewart moved back to DC a few years ago and and continued lobbying for Fannie Mae until the government created the Federal Housing Finance Agency.
According to the Salt Lake Tribune on September 19, 2008:
“Congress is facing heavy criticism for its oversight, which the White House, presidential candidates and financial experts have said was lacking. This is especially true about Freddie Mac and Fannie Mae – they were government-sponsored, private entities under direct government regulations to help keep capital flowing through the financial markets. With their collapse, they are now part of the U.S. government, bringing all of their debt with them. Bennett, who received more campaign contributions from Freddie and Fannie than any other Republican over the last 20 years, said: ‘They obviously got too big and carried too much risk.’”
This is similar to Bennett’s relationship with TARP recipients, which I’ll get into tomorrow.
Dan McLaughlin
Moe Lane
Neil Stevens
Daniel Horowitz
Steve Maley
BREAKING .O.T: Harry Reid's wife, daughter in car accident.
barrypopik (Diary) Thursday, March 11th at 6:13PM EST (link)Sorry for the breaking news again.
Harry Reid’s wife and daughter were in a car accident. They didn’t have ObamaCare, so they’ll be OK:
WASHINGTON — Senate Majority Leader Harry Reid’s wife and daughter were being treated in a hospital Thursday from injuries they sustained when their vehicle was rear-ended.
Reid left the Senate for the hospital at midafternoon to tend to his wife, Landra, 69, and their adult daughter, Lana, his spokesmen said.
Other details of the accident were not immediately available.
555! Erick, awesome reporting on Bennett -- keep it coming.
ColdWarrior (Diary) Friday, March 12th at 12:47AM EST (link)He must be defeated in the primary, and I am crossing my fingers enough grass roots conservatives have become voting members of the Utah Republican Party to make that happen.
Thank you.
ColdWarrior
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Defeat Bob Bennett May 8th at Convention
arc_ut (Diary) Saturday, March 13th at 2:51PM EST (link)and vote for someone that can really change things.
I believe that Cherilyn Eagar is the only one running who has supported and been active in fighting for conservative values for the last 30 years at the local, state, national and international level. [That includes Bennett]
http://www.redstate.com/cherilyneagar/2010/03/02/cherilyn-eagar-continues-fight-against-backroom-political-deal-making/
Second, Eagar refuses to participate in a heavy-handed, group attack on Senator Bennett, saying, “This race is not about Bob Bennett, it’s about electing the candidate best able to represent Utah’s people and Utah’s needs. This kind of attack could easily backfire, creating a sympathy vote for Senator Bennett, and producing exactly the result the instigators don’t want.”
I've said it b4 and I will say it again
jfindl2 (Diary) Friday, March 12th at 12:51AM EST (link)criticizing Bennett for accepting money from Fannie and Freddie is not news or a reason to vote Bennett out. In regards, to his staff what exactly was Bennett supposed to do?
I looked up the contributions from Fannie and Freddie, both “government entities,” or whatever you want to call them, donated lots of money to incumbents of both parties. For example the federal candidate who was the top recipient of Freddie Mac donations in the 2006 was George Allen. In 2000, the Republican senator who received the most funds from Freddie was one Rick Santorum. Fannie Mae’s PAC gave 7 incumbents 10k in 2008, none of which happened to be Bennett. In 2006, Jim Talent was the top Republican who received the most campaign contributions from the Fannie Mae PAC. Both groups tend to give lots of money, not exclusively but mostly, to incumbents. So if you are in Washington for a long time you are bound to get lots of money from lots of different interest groups and lobbies.
If you are going to advocate primarying Bennett b/c of his support for a version of health care reform or b/c he is a porker those both sound like viable reasons to support someone like Chris Lee. However, the whole, “he is a politician who receives campaign contributions from large entities that stand to benefit from federal grantees and laws so therefore he must go” argument doesn’t really hold water for me. Your miles may vary.
I’m a little retread, short and stout. I have no life, I reregister and pout.
It works like this fool.
mbecker908 (Diary) Friday, March 12th at 8:02AM EST (link)Bennett is being, and should be, criticized for his life’s work product. Such as it is. He should be forced into retirement and shunned by the people of his former state. And I note “former state”, because like pretty much all career politicians, his “constituents” are residents of the Beltway.
Bob Bennett, precisely like Teddy Kennedy, Harry Reid, Lindsey Graham, John McCain and a few hundred others I could name have lived too long, taken too much and contributed too little.
He should shamed to the point where anytime he shows up in Utah people rally and demand he “go home to Washington”. I happen to be a big fan of the folks in Nebraska who reportedly hounded their Senator out of a pizza place when he and his family showed up for dinner. These slugs have been leeching off of us for years, they should pay. Personally.
It is fine to criticize Bennett for his
jfindl2 (Diary) Friday, March 12th at 4:50PM EST (link)life’s work, when his job is funneling pork to Utah, but I still don’t see how the future ex senator’s accepting of PAC money qualifies as a fault. I guess this makes me a fool.
I’m a little retread, short and stout. I have no life, I reregister and pout.
So you think that the "job" of a US Senator is to funnel pork.
mbecker908 (Diary) Friday, March 12th at 5:55PM EST (link)You’re not fool. You’re a complete idiot.
HE's also a retread (nt)
Neil Stevens (Diary) Friday, March 12th at 6:21PM EST (link)RS contributing editor, technical administrator, and “a hardy variety of crabgrass.”
Read the RedState Posting Rules
Unlikely Voter: Poll Analysis, Election Projection.
“I rejoice that America has resisted.” – William Pitt, the Elder
Lame
cbs (Diary) Friday, March 12th at 7:10AM EST (link)Sorry, Erick, but this one has got to be the weakest of your critiques of Bennett yet. Criticize him for health care, immigration, defense of earmarks, etc., but to try to besmirch him because he had some former staff who worked for Fannie Mae is well, just lame.
You can do better.
Are. You. Kidding.
acat (Diary) Saturday, March 13th at 12:27AM EST (link)It’s not “one staffer”. The story names two, plus a family member.
Yes, Fannie Mae has a large staff .. but somehow I doubt the three named were there as lowly bean counters.
The whole Fannie / Freddie mess – that the taxpayers are on the hook for what, 5 *billion* in bad assets over – stinks on ice. If Bennett is tied to him – and blood is a pretty solid tie – he’s got some esplainin’ to do.
Mew
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“All that is gold does not glitter, not all those who wander are lost”. –Tolkein