Fannie Mae-No Politics (FNMA)

[big-yank]

Actually, the truth is quite supportive of actions taken that led up to the conservatorships of Fannie & Freddie. Here's the part that conveniently gets swept under the rug by the "My Fannie was stolen" gang:

http://www.nytimes.com/video/business/1194817110047/lockhart-on-fannie-and-freddie.html

This video is the announcement by Paulson and Lockhart of the conservatorship of the GSEs and explains the rationale in all its detail on September 7, 2008. If you listen to the content, you will understand why me and many others believe the contents of the unreleased documents do not really matter much. There is nothing lurking there that will overturn the conservatorship, the warrants or the original contracts imposing 10% SPD's.

Amendment 3 is a different story,as I have said, all along.

The government didn't refuse document release because of any smoking gun contents. They simply wanted to prolong the NWS gravy train for as long as possible, and show some deference to the deliberative process and protect the advisors and consultants contributing to policy decisions from public and press criticism.

JMHO.