Detailed text transcripts for TV channel - FOXNEWS - 2011060

Detailed text transcripts for TV channel - FOXNEWS - 20110604:05:16:00

dollars. >> greta: how much make? corporate executive, i made a lot more money than the average person. but it was the compensation appropriate to someone in my position. >> bret: paul gigot says fannie mae and freddie mac put together the most sophisticated lobbying are people out there saying you were trying to buy off politicians. what did you get for that money? >> only thing that we ever tried to get, from any lobbying effort was to get our story out. >> bret: it sounds like you are saying nothing bad happen under your watch? >> oh no, i'm not saying that at all. i'm sure lots of bad things happened. without fannie mae's efforts millions would not have owned their their own home and pass on that wealth to their kids. >> bret: for millions of americans, the wealth they thought they would pass on, vanished in the 2008 mortgage meltdown.

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