Source: Raw Story
By Kase Wickman
Tags: cbs moneywatch, fannie mae and freddie mac, michele bachmannDespite the fact that she has spoken against loan insurers Fannie Mae and Freddie Mac, the Washington Post discovered that Rep. Michele Bachmann (R-MN) took out a mortgage totaling $417,000 to help finance her golf course home — backed by Fannie or Freddie.
Weeks later, the woman who would become the voice of the tea party and a serious contender for the 2012 GOP nomination railed against the federal home loan program.
A member of the House Financial Services Committee, Bachmann played a role in the federal government's handling of the housing crisis.
"I think what we need to do now is take a deep breath and get all of the information on the table," Bachmann said in a 2008 Fox News appearance prior to the decision to bail out the loan programs. "Where does this all end?...Everyone thinks that's ok, that the federal taxpayer will be the chump who at the end of the day will pay the bill."
More at:
http://www.rawstory.com/rs/2011/07/27/bachmann-borrowed-from-the-federal-home-loan-programs-she-wanted-to-shut-down/