Washington--This morning Michael Phelps issued a statement to the press stating that he would fore go one of his 2008 gold Olympic medals in order to solve America's worsening housing crisis. The press immediately contacted troubled lenders Fannie Mae and Freddy Mac for comment. Both organizations confirmed the story and issued this joint statement:
Michael Phelps approached both our organizations because he not only swims for the American people--he lives and breathes with them as well. There is no hiding that our lending policies were in deepening trouble, and therefore a large portion of the American economy. But Michael has graciously given away his 2008 relay gold medal in order to pay our losses, as well as forgive the debts of most of Fannie and Freddy's customers.When reporters pressed the companies for a specific number, as to how much the medal would cover, the companies' representatives both declined to comment. However, some mumbling could be heard before the conversation was ended and one rep. was reportedly heard saying "I don't like owing him a favor..."
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