So after prominent Democrats like former Clinton administration officials Franklin Raines and Jamie Gorelick clean up (for themselves) at Fannie Mae, we learn today that Barack Obama is a big recipient of campaign money from the failed mortgage company. It seems like this would be pretty good fodder for a journalistic investigation and a McCain ad:

NEW YORK (CNN) -- When it came to buying influence in Washington, Freddie Mac and Fannie Mae were among Corporate America's biggest spenders.

The two mortgage giants paid $174 million to lobbyists over the past ten years to ensure the political climate would remain friendly to growing the mortgage business - even as the housing bubble began showing signs of bursting, according to a report by the Center for Responsive Politics, a watchdog group.

....

Sen. Barack Obama is the No. 3 recipient of Fannie and Freddie campaign dollars, having collected $123,000 from the companies since he first ran for the Senate in 2004, according to the Federal Election Commission and the Center for Responsive Politics.

It's not difficult to imagine how the DeMSM and the rest of the Obama campaign would react if John McCain were the number three recipient of campaign dollars from Fannie Mae and Freddie Mac, especially given what's happening today on Wall Street.

But Obama today responded to this serious crisis with some meaningless boilerplate:

In a statement issued shortly after 6 a.m. on the U.S. east coast, Obama said he did not blame McCain, but "I do fault the economic philosophy he subscribes to. It's a philosophy we've had for the last eight years - one that says we should give more and more to those with the most and hope that prosperity trickles down to everyone else."