Fannie Mae-No Politics (FNMA)

[chessmaster315]

Why NOT to trust Senator Corker and the rest of our government's statements:

On July 20, 2008, after the failure of Indymac Bank, Paulson reassured the public by saying, “it's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.”[25]

On August 10, 2008, Secretary Paulson told NBC’s Meet the Press that he had no plans to inject any capital into Fannie Mae or Freddie Mac.[26] On September 7, 2008, both Fannie Mae and Freddie Mac went into conservatorship.[27]

Source:
http://en.wikipedia.org/wiki/Henry_Paulson

While we can not be certain if Paulsen was lying all along, or, if Fannie Mae miracalously lost a hundred billion dollars or so in 3 weeks. I am betting we can not trust the government officials statements.

There is no evidence that this government corruption has been fixed since that time, but rather has gotten much much worse, especially in 2012 with the "third amendment Sweep".