Article: Fannie Mae Slammed for Lobbying Against Rep. Baker's GSE Bill.(Government Activity)

Two Republican members of the House Banking Committee slammed Fannie Mae for its lobbying tactics to stop a bill that would tighten Federal oversight of government sponsored enterprises and take away their lines of credit to the U.S. Treasury. Rep. Donald Manzullo R., Ill., accused Fannie Mae of conducting a "bogus" grassroots lobbying campaign against the GSE bill sponsored by Rep. Richard Baker, R. La. The Illinois congressman said his office received 2,000 letters from constituents in his district who had been contacted by Fannie Mae and its newly formed Coalition for Homeownership to sign petitions in support of lowering the cost of homeownership and lowering mortgage ...

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