Hey, what's that stench? Oh, it's just the REIC doing their thing.
Tax breaks for buying a home. No cap-gains tax on home sale proceeds. No oversight of mortgage brokers, realtors or lenders. And a corrupt REIC allowed to spin out of control by a corrupt Congress.
The realtors and home builders made this mess. Congress went along for the ride. And if there's a move in Congress for a REIC bailout, you'll know why.
Top 10 Political Action Committees 2006
#1. National Association of Realtors
According to OpenSecrets, the NAR PAC spent $3,752,005 in the 2006 campaign: 49% to Democrats and 51% to Republicans. They raised $1,716,960 in contributions of $200 or more. The Realtors Political Action Committee (RPAC) is one of the largest trade association PACs, dating to 1943. Issues of interest range from accessibility to wireless 411 directory.
#3. National Association of Home Builders
According to OpenSecrets, the National Association of Home Builders PAC spent $2,900,500 in the 2006 campaign: 26% went to Democrats and 72% to Republicans. They raised $3,526,927 in contributions of $200 or more.
