Wednesday, November 19, 2008 Last Update: 3:13 p.m.
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News submitted by Kate Phillips (New York Times)

Freddie Mac Political Donations Have Been Scrutinized Before

HT: Media Alert following Rahm Emanuel and Freddie Mac, finding a 2006 story

Freddie Mac, the home mortgage powerhouse, agreed on Tuesday to pay $3.8 million in civil penalties to the Federal Election Commission, which had accused it of improperly funneling corporate executives’ donations to candidates and holding lavish fund-raisers that often benefited congressmen on an influential House committee.

It is the largest fine that the F.E.C. has obtained in a civil case.

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