Bachmann benefitted from federal home loan program

These Congress people are the biggest group of hypocrites I have ever seen in my life. First you have the freshman congressman that did not want to wait the 30 days for his insurance benefits to kick in. Then you had several congress people complaining about government spending as it relates to natural disasters, but then complained when the government did not come to their state's aid immediately. Now you have Michele Bachmann, again receiving government funds. First it was the medicare payments to their clinic, now she received a lower interest rate with a government backed home loan. Are you serious? Does she not think these things will be found out? I am sure there is something else that will come out before it is all over with.

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 that they are confident the loan was backed by Fannie Mae or Freddie Mac.

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