Fannie Mae-No Politics (FNMA)

[jeddiemack]

Law breakers in "high" office are treated with "white gloves". The evidence must be large and irrefutable.

Whether its Jesse Jackson, Jr. or the ex Governor of Illinois Blagovich until the case unwinds and the press gets involved the evidence must be strong. For actions of a lesser extent, those close but only seemingly minor infractions, the party in power - case in point Eric Holder - can act as a strainer against most all but the out right situations, seemingly in cohoots with those believed to be transgressors.

For example the bengazie mess, the irs going after conservative groups, or any of a whole host of recent administration malfunctions. Seemingly, there were some rules broken in those situation either in the acts or in the "cover up" of the acts, but don't expect Holder to prosecute anyone.

As for Lockhardt, Bernanke, Frank, Paulson, Geitner or whomever else was involved, the level would have to be so high that the current administration would have to act. In the case of Fannie and Freddie, while they may have all done "wrong" in a moral sense; and technically, they may have all colluded to take value from shareholders, the real possibility to any prosecution is very very very slight, if not probably incredibly remote. I'd say the "strike price" of the warrants "issued" have a greater percentage probability.

Now none of this is not to mean that the courts won't find the actions, in a civil sense wrong. But in a criminal sense, I couldn't see it happening, even if they earned it.

In any event the "great O" would pardon them.