Fannie Mae (FNMA)

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If this Administration attempts to use Wall Street as a scapegoat, Wall Street will throw 'em under the bus, IMO. Then the REAL fireworks will start. The depositions and sealed docs are providing the spark to ignite the inferno. We are on a buildup to ignition. That's why you didn't see any convictions by the Justice Dept, only slaps on the wrist, IMO. Could also explain all the court delays. Judges are waiting for combustion.

Right now they are contemplating "tipping over the king", but are lining up
people to blame. The problem is if they wait too long to find someone to blame, then they (the administration) goes down in flames also, like Nixon.

Nixon tried to blame people who worked for him, and this administration is looking for scapegoats on wall street. They are trying hedge funds, but that failed as the hedgies hired million dollar legal teams. The government plan of blaming "wall street" might even work, too, as there are many on wall street who's crimes are bad enough that taking the fall for fannie would be like admitting to the crime of "abuse of a corpse" to get out of a murder charge.

Many of these bankers/wall street execs are dirty, so they may be able to cut a deal to confess to fanniegate.

I saw this happen years ago with Blinder Robinson, a penny stock firm that went down. Meyer Blinder pleaded guilty, but his son Alan Blinder got a position as the Vice Chair of the Federal Reserve. I knew Alan (and Meyer) Blinder, having met them several times. Alan was not qualified to be vice chair of the Federal Reserve at that time. Understand, this is not a training position. If the Chair gets ill or killed, the Vice Chair takes over the Federal REserve. H e was second in command next to Greenspan..