Here are some key excerpts from today’s statement by Nick Jordan on America’s financial crisis:
“At the core of the financial problems facing our nation is the failure of Fannie Mae and Freddie Mac. These two government sponsored enterprises have been propped up by Congress for years. This includes Dennis Moore, who has served on the House Financial Services Committee for ten years and who’s received over $30,000 in contributions from them."
“After gimmicky accounting, Fannie and Freddie, through some strong lobbying succeeded in getting the ability to substantially increase the number of high-risk loans. This paved the way for the collapse of these government backed financial institutions that has brought us to where we are today.” - Nick Jordan
Dustin Olson
Campaign Manager
Jordan for Congress
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