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Builders halt campaign gifts on subprime worry (bribes no longer working?)

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-12-08 05:54 PM
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Builders halt campaign gifts on subprime worry (bribes no longer working?)
Source: Reuters

WASHINGTON (Reuters) - A home builders' group on Tuesday halted donations to federal congressional campaigns over concern that Congress and the Bush administration have not done enough to respond to the subprime mortgage crisis.

The National Association of Home Builders' political action committee (PAC) said in a statement it has ceased contributions to candidates and their PACs until further notice.

Read more: http://www.reuters.com/article/bondsNews/idUSN1227547320080212
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Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-12-08 05:55 PM
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1. I hope they quit donating in Florida as well.
They've really stunk up this state.

But, they've already bought and paid for the legislature.
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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-12-08 06:00 PM
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2. They've Run Out of Money?
Not sure how bribing a Congress helps a builder, although it appears that there are some mighty big ones in the South. I never heard of any federal housing contracts since Nixon, and other than wetlands violations, or new highways, or water contracts in drought-prone areas, there isn't a whole lot the Feds can do to bring home the bacon... FMA and FDMAC seem to have been in a big bind for several years.
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