Greenberg Continues Pounding of Bean on Her Role with Fannie, Freddie

Republican congressional challenger Steve Greenberg is continuing his string of press releases criticizing 8th District Congresswoman Melissa Bean.

Here is his latest press release:

Bean Provides No Excuses for Her Relationship with Fannie, Freddie
Continues to Duck Questions About Her Role in Economic Crisis

LAKE ZURICH, IL 10/29/08 – Melissa Bean continues to lie about her role in the economic crisis and about her relationship with Fannie Mae and Freddie Mac. Under fire from Congressional Candidate Steve Greenberg for her “Bean-Neugebauer” amendment, which undermined attempts at strengthening GSE regulation in 2007,1 she has not offered a legitimate answer to the accusations.

First, Bean attempted to distort the facts through her spokesman, claiming that the amendment “strengthened oversight of Fannie Mae and Freddie Mac,”2 despite a press release by Fannie Mae praising her for weakening the potential regulation,3 and the GSE Report pointing out the obvious benefits the amendment provided the mortgage giants.4

Realizing the facts did not back up her claims, Bean then attempted to change the subject. Her spokesman called the attacks “baseless” and said that Greenberg “should stop talking”, but refused to answer questions on the allegations.5






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