Mitt Romney Blasts Fannie Mae And Freddie Mac’s ‘Failures’ While Profiting From Them

[cal04]

Mitt Romney Blasts Fannie Mae And Freddie Mac’s ‘Failures’ While Profiting From Them
http://thinkprogress.org/economy/2011/09/20/323585/romney-fannie-freddie-hypocrisy/

The Boston Globe noted today that GOP presidential candidate Mitt Romney, who has a habit of lambasting the “failures” of government-backed mortgage giants Fannie Mae and Freddie Mac, has been profiting from investments in the two firms:
http://www.boston.com/Boston/politicalintelligence/2011/09/romney-pummels-profits-from-fannie-freddie/a2YN7UoFKXQHW1RzAiaW4J/index.html

On his financial disclosure statement filed last month, Romney reported owning between $250,001 and $500,000 in a mutual fund that invests in debt notes of Fannie Mae, Freddie Mac, among other government entities. Over the previous year, he had reported earning between $15,001 and $50,000 in interest from those investments.

And unlike most of Romney’s financial holdings, which are held in a blind trust that is overseen by a trustee and not known to Romney, this particular investment was among those that would have been known to Romney.

The investment was also not on Romney’s 2007 financial disclosure form. A Romney aide said the investments were made in the latter half of 2007, after he had filed the earlier disclosure form. That was around the time that the scale of the housing crisis was coming into focus.

[liberal N proud]

1. Look over there

Meanwhile the crook is taking the money out of the till.

[banned from Kos]

2. Interesting that Romney was in their bonds - which are 100% guaranteed

by the government he criticizes (the same type the Fed bought).

Sure it was through a fund but he is a hypocrite nonetheless.

[Cool Logic]

3. Mr. I'll be whatever you want me to be is surely as artificial as the come...

However, this is nothing more than an effort to transform meaningless minutia into a meaningful matter.