Fannie Mae spends $6,000 on golf outing

The AP reports:

Mortgage finance company Fannie Mae acknowledged Tuesday that it spent more than $6,000 on a golf outing after it was seized by the government earlier this year, but said it is halting similar company-sponsored events.

Dallas-Fort Worth area television station KTVT reported Monday night that Fannie paid for 20 golfers, including several company executives, to attend a Sept. 29 golf excursion in Texas.

Fannie Mae, which did not dispute the report, described the event as a mortgage industry customer meeting held twice annually.

"We do regret that the activities surrounding the customer meetings in Dallas may be perceived as excessive," company spokesman Brian Faith said in an e-mail message.

No word yet from Barack Obama(Democrat-Fannie Mae) or Rahm Emanuel(Democrat-Freddie Mac) on this one.I guess Fannie hasn't endorsed the slogan "change you can believe".