Report: Bachmann Benefited From Fannie or Freddie Loan

The National Journal reports:

Rep. Michele Bachmann, R-Minn., one of the most vocal critics of government-backed loan programs, benefited from exactly that when she took out a home loan in 2008, the Washington Post reported on Wednesday.

According to mortgage experts who reviewed her loan documents, the loan that Bachmann and her husband, Marcus, took out three years ago to help finance their new $417,000 home offered lower costs to the borrower via either Fannie Mae or Freddie Mac – both favorite punching bags for Bachmann, who has called for dismantling them.

Ouch.