Report: Taxpayers Paid For Fannie Mae Outing In Grapevine

Taxpayers paid a little more than $6,200 for a golf outing that included at least 14 executives from the troubled mortgage giant Fannie Mae.

Dallas-Fort Worth television station KTVT reports the Sept. 29 event came just 22 days after the government bailed out Fannie Mae.

A spokeswoman for Fannie Mae says the golf outing was part of a customer advisory board meeting that had been scheduled in January and all activities such as this have since been canceled.

The 14 listed on the tee sheet included three Fannie Mae executives from Dallas, two from Chicago and one from Washington, D.C.

The station reports the outing at the Cowboys Golf Course in Grapevine cost $6,279.26 and Fannie Mae paid for 20 golfers.

Also on the list --

-- Mango towel service

-- More than $1,700 worth of buffet food

-- A $555 bar tab

U.S. Rep. Jeb Hensarling, who serves on the committee that oversees Fannie Mae, says, quote, "I am outraged by this."

Copyright AP - Associated Press
Contact Us