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quack quack · 09-30-2008, 10:02 AM

Obama supported leaving FNMA ALONE!!!!

It appears this was a big priority for the following democrats on the committee:
Dodd - (D) Conn

Schumer - (D) NY

Menendez - (D) NJ

Reed (D) RI

Senator Obama, already on Fannie Mae's high list of donors, and Senator Jack Reed of RI reportedly held up any serious reform of Fannie Mae in order to cut out a ?low income trust fund? that Fannie had to pay money into to offer loans to bad credit risks.

The NILCH (National Institute for low income housing) had a press release that featured Senator's Reed and Obama talking about what a wonderful program that was in May of this year.

09-30-2008, 10:02 AM	#9 (permalink)
quack quack Old Salt Join Date: Nov 2005 Location: lake worth Best Catch: 25lb codfish 5 yrs old first hanger Posts: 6,219	Obama supported leaving FNMA ALONE!!!! It appears this was a big priority for the following democrats on the committee: Dodd - (D) Conn Schumer - (D) NY Menendez - (D) NJ Reed (D) RI Senator Obama, already on Fannie Mae's high list of donors, and Senator Jack Reed of RI reportedly held up any serious reform of Fannie Mae in order to cut out a ?low income trust fund? that Fannie had to pay money into to offer loans to bad credit risks. The NILCH (National Institute for low income housing) had a press release that featured Senator's Reed and Obama talking about what a wonderful program that was in May of this year. __________________ Amagansett means “place of good water” in one American Indian tongue, and for generations of Lesters who have lived here, it’s been true in the most literal way.