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Politics : Politics for Pros- moderated
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To: DMaA who wrote (269225)9/18/2008 1:33:22 AM
From: goldworldnet1 Recommendation  Read Replies (1) of 793691
 
I transcribed the first half of the video.

(introduction)

The Honorable Senator Barack Obama the Senator for the State of Illinois.

Ladies and Gentlemen would you please give a standing arise for the Members of the Congressional Black Caucus.

(Daniel Mudd - Fannie Mae Interim CEO)

Good Morning members of the Congressional Black Caucus, I am humbled to come here today to reaffirm the friendship and partnership between Fannie Mae and the Congressional Black Caucus.

Fannie Mae is determined to keep tearing down the barriers to deliver on the American Dream and that means we need to work together with CBC.

So many of you have been good friends with Fannie Mae in our mission. You've been friends through thick and thin. We have indeed come upon a difficult time for Fannie Mae.

There is much to be done inside my company and I humbly ask you to help us and to help me. If there are areas where we are missing, if there are areas where we can do better we would like to hear it from our friends and I would be so bold as to say our family first.

>break<

It is true that Fannie Mae has lent more money to more minorities and more under served individuals than any single company in history.

>break<

We will work hard inside our company to resolve the serious matters before us, to put our house in order, and to forge a new future.

And all the while, you will see Fannie Mae reaching out and listening to the Caucus. Over a century of endeavor you have earned the reputation as the conscience of Congress.

In many ways, I want to tell you today that you are also the conscience of Fannie Mae, keeping us on course to serve those who need serving the most.

* * *
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