Nice. (Bachman follies)

Jul 26, 2011 15:28

Like many members of Congress, Rep. Michele Bachmann has been a fierce critic of Fannie Mae and Freddie Mac, blaming the government-backed loan programs for excesses that helped create the financial meltdown in 2008.

And like millions of other home purchasers, Bachmann took out a home loan in 2008 that offered lower costs to the borrower through one of the federally subsidized programs, according to mortgage experts who reviewed her loan documents.

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 they are confident that the loan was backed by Fannie Mae or Freddie Mac.
Source:= Washington Post

In other news, the congressional switchboard's close to crashing. As are websites

At some point I'll get round to finishing something about the 11 fringe shows I saw the last couple weeks. And also I'll be able to walk normally again -- that was a whole lot of jumping last night.

Edit: Oh, also, new ad campaign in Boehner & Reid's districts, funded by Christian groups: What Would Jesus Cut. They note in the article that programs for the poor are on neither side's untouchable list.

poverty, politic, budget

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