Romney Brings In Former Fannie Mae Lobbyist To Defend Business Record

Share on FacebookTweet about this on TwitterShare on Google+Share on StumbleUponEmail this to someone

Michele Davis is a former aide to Treasury Secretary Henry Paulson.

In her role, Davis defended Fannie Mae’s independence, despite substantial tax advantages: She was quoted in Newsday that year saying the entity “does not receive a penny of funding from the government” or any subsidy.

She also served at Fannie Mae during a time in which it was found to have doctored its earnings statements to juice executives’ bonuses, for which it paid a massive $400 million in penalties.

Subscribe to my premium podcast and get exclusive access to the listener club.

Share on FacebookTweet about this on TwitterShare on Google+Share on StumbleUponEmail this to someone