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Wednesday, July 27, 2011



Tom Toles Cartoons, Blog Posts and Outtakes

Washington Post
| July 27, 2011


And for you Michelle Bachmann for President fans, here's an informative piece from yesterday's Post: By Kimberly Kindy | Bachmann benefitted from federal home loan program – 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.

1 comment:

Anonymous said...

Bachman is a lunatic.