Just a few weeks before Bachmann called for dismantling the programs during a House Financial Services Committee hearing, she and her husband signed for a $417,000 home loan to help finance their move to a 5,200-square-foot golf-course home, public records show. Experts who examined the loan documents for The Washington Post say that they are confident the loan was backed by Fannie Mae or Freddie Mac.Bachmann quickly sought to blame Fannie and Freddie as the financial crisis, driven by the bursting of the housing bubble, unfolded in 2008. Not shockingly, she thought Fannie and Freddie were lending to, you know, the wrong type of people. And just so there wasn't any confusion, Bachmann made clear that she means poor people of color made it harder for deserving people (it turns out she means herself) to get loans from the GSEs. At a hearing on September 25, 2008, Bachmann said: Read More:
Wednesday, July 27, 2011
It's Okay for Me, but NOT for Thee
Bachmann got GSE loan days before calling for end to GSEs The Washington Post reports today that in 2008 Michele Bachmann and her husband took out a $417,000 loan from Fannie Mae or Freddie Mac only days before she called for the end of Fannie and Freddie.