The Student Loan industry, led by Sallie
Mae, has paid for the influence of many, many members of Congress.
By way of comparison: Sallie Mae has spent vastly more money in political
campaign contributions than its much larger counterpart in the home mortgage
industry, Fannie Mae (almost twice as much in the 2004 election cycle)!
Albert Lord, Sallie Mae CEO and his wife, Suzanne, gave OVER $250,000
to candidates and PACs in 2004 alone! A majority of the contributions
have gone to members of the House and Senate
Education committees, but Sallie Mae and Lord have spread their ill-gotten
wealth around much wider than just these committees. This includes an
additional $250,000 gift to pay for the 2005 presidential inaugural
celebration, and some very odd contributions to a PAC run by a
family member of Senate Education Committee Chairman Mike Enzi (WY).
The list below shows the top 25 politicians
in contributions from the Sallie Mae Political Action Committee (PAC).
And this is only the money that they reported. If anyone reading this
has any information about illegal campaign contributions by the Sallie
Mae PAC, the Friends of Higher Education PAC, Individuals including Al
Lord, Rose Dinapoli, Harrison Wadsworth, or any others, please
let us know.
JOHN A, and The Freedom Project)
MCKEON, HOWARD "BUCK"
FROST, JONAS MARTIN
MORAN, JAMES P
OBEY, DAVID R
KILDEE, DALE E
BOYD, F ALLEN JR
POMEROY, EARL R
GEPHARDT, RICHARD A
REYNOLDS, THOMAS M
TORRICELLI, ROBERT G
LOWEY, NITA M
DASCHLE, THOMAS A
BUSH, GEORGE W
GRAHAM, LINDSEY O
More to come.
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