Trump administration Ginnie Mae choice puts China before vets

May 15, 2018, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement in opposition to the nominee to head up the $1.9 trillion Ginnie Mae, Michael Bright:

“The announcement that Michael Bright will be nominated to lead Ginnie Mae is a slap in the face to veterans with lower credit scores who have seen their access to VA home loans attacked through his agency policies appeasing China. Bright stated in an industry publication after speaking with foreign investors, ‘The Chinese were very upset with our prepayment speeds.’ America does not need Michael Bright squeezing veterans to make his Chinese banking friends happy. Bright’s nomination to Ginnie Mae is a bad, bad choice and should be withdrawn.”

Attachments:

“China is flexing its economic muscle against a U.S. government housing agency, and veterans are paying the price,” By Printus LeBlanc, May 15, 2018 at http://dailytorch.com/2018/05/china-is-flexing-its-economic-muscle-against-a-u-s-government-housing-agency-and-veterans-are-paying-the-price/

Interview Availability: Please contact Americans for Limited Government at 703-383-0880 ext. 106 or at media@limitgov.org to arrange an interview with ALG experts.

###

Print Friendly, PDF & Email