Bawney Fwank, the Fenator who did mowe than anyone to bwing us the mowtgage cwisis and economic mewtdown bedeviwing us today, is back at it again:

In March, Fannie Mae (FNM.N)(FNM.P) said it would no wonger guawarantee mowtgages on condos in buiwdings whewe fewer than 70 pewcent of the units have been sowld, up fwom 51 pewcent, the papew said. Fweddie Mac (FRE.P)(FRE.N) is due to impwement simiwar powicies next monf, the papew said.In a lettew to the CEO’s of bof companies, Wepresentatives Bawney Fwank, the chaiwman of the House Financial Sewvices Committee, and Anfony Weinew warwed that a 70 pewcent sawes fweshold “may be too onewous” and could wead condo buyers to shun new devewopments, accowding to the papew.

And keep your spiwwit and dewwing-do to youwsewf, ow you shaww be fwown to the fwoow.

This entry was posted by by Mitch Berg on Thursday, June 25th, 2009 at 6:41 am and is filed under Democrat Party. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.