Replies to post #154810 on Fannie Mae-No Politics (FNMA)

[obiterdictum]

It does not say that ada. Here is what it says and the critique stands.

1. Lead Sentence - President Barack Obama would reject proposals by hedge funds to recapitalize Fannie Mae (FNMA) and Freddie Mac (FMCC), National Economic Council Director Gene Sperling said.

2. Reference used to support the lead sentence - “I want to make clear, the Obama administration believes the risks are too great that this model would recreate the risks of the past,” Sperling said today in a Washington speech.

The first sentence is not a quote, It is an assumption and conclusion made by the author. The second sentence is used by proximity to the lead as reference supporting her inference. And in that sentence there is no mention of proposals or President Obama. And the lead sentence also say that Gene Sperling said - but it is not quoted - President Barack Obama would reject proposals by hedge funds to recapitalize Fannie Mae (FNMA) and Freddie Mac (FMCC)

So there is nothing indicating that President Obama said anything today about rejecting or opposing proposals by hedge funds to recapitalize Fannie Mae and Freddie Mac.

However, not read carefully, it sounds in one's mind that Obama personally said: I, President Obama would reject proposals by hedge funds to recapitalize Fannie Mae (FNMA) and Freddie Mac (FMCC).

To make sure write the author and or editor and ask directly this question:

Did President Obama personally say to you or anyone that he would reject proposals by hedge funds to recapitalize Fannie Mae (FNMA) and Freddie Mac?

To contact the reporter on this story: Clea Benson in Washington at [e-mail]
To contact the editor responsible for this story: Maura Reynolds at [e-mail]