Saturday, April 22, 2006

Reporting on FEC settlement, NY Times, AP failed to note that most of Freddie Mac's illegal fundraising events benefited Republicans

An April 19 New York Times article and an April 19 Associated Press article noted that the federally chartered home mortgage company known as Freddie Mac had agreed to pay a record $3.8 million to the Federal Election Commission (FEC) to settle allegations that it violated federal election law by using company resources to host fundraisers for members of Congress, illegally funneling employee contributions to federal candidates, and making an illegal $150,000 contribution to the Republican Governors Association. But the articles did not disclose that the vast majority of the the illegal fundraisers hosted by Freddie Mac benefited Republican lawmakers. Read more

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