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Fannie Mae, Freddie Mac: Ralph Nader Issues Long Letter

Value Walk

April 9, 2014
By Jacob Wolinsky

Mr. Nader asked that I send the attached comments on Senator Johnson’s and Senator Crapo’s legislative framework for housing finance reform. This letter was sent this morning to all of the Senators on the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

Mr. Nader was also scheduled to take part in a press conference this morning with a coalition called “Investors Unite.” Unfortunately, he came down ill this morning and was unable to make it. He was deeply sorry to miss it – as it involved a wide range of individual investors in Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) from across the country who came to D.C. to make their voice heard on the Hill. The statement he would have given at this event is also attached to this email.