Fannie and Freddie Limit Lobbying at Party Confabs


	Fannie and Freddie Limit Lobbying at Party Confabs

Brian Wingfield

8-12-2008 10:50 PM

597 views

tags:

fannie mae, freddie mac, lobbying, political conventions

Brian Wingfield says:

Probably a smart move, given the outcry among some members of Congress who want the mortgage buyers to stop lobbying altogether.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/dbb435cc-19b2-43de-9be4-15c6b580323a/9AA11761-5A9D-4B72-AF88-462DC6EDC955/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.twincities.com/rnc/ci_10170638?nclick_check=1" href="http://www.twincities.com/rnc/ci_10170638?nclick_check=1" style="font-size: 11px;">www.twincities.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.twincities.com/rnc/ci_10170638?nclick_check=1"><P>With the Twin Cities and the nation in the grip of a home foreclosure crisis, two of the main characters in the still-unfolding drama are skipping the Republican National Convention.   
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.twincities.com/rnc/ci_10170638?nclick_check=1"><P>Fannie Mae and Freddie Mac, the government-sponsored mortgage underwriters who recently received a massive federal bailout, have decided they probably shouldn't be buying drinks and hobnobbing when the convention rolls into town. 
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.twincities.com/rnc/ci_10170638?nclick_check=1"><P>The pair were slated to co-sponsor a Sept. 2 event at the swanky Graves 601 Hotel in Minneapolis. Already under intense pressure about lobbying activity by U.S. Senate critics and others, Fannie Mae and Freddie Mac have had their names removed from party invitations. 
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.twincities.com/rnc/ci_10170638?nclick_check=1"><P>"We will no longer be participating in the Democratic or the Republican convention, including the housing industry events," Fannie Mae spokeswoman Amy Bonitatibus said. 
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