Fannie Mae-No Politics (FNMA)

[skeptic7]

The issue is even more simple than that: as we all know, and too bad the dis-information campaign and media blackout have been the prevailing modes of communication (or lack thereof more specifically), but the taxpayers were NEVER in jeopardy. The bailouts were forced on the GSE's who were nowhere near insolvent to protect what Paulson knew to be coming from the fraudulent practices of the TBTF. It was slippery accounting by PWC (which has already settled that case of cooking the books to make the GSE's appear insolvent) that allowed this to occur, and then the spin began. Ironically, the taxpayers (as well as shareholders) are in more jeopardy now than they ever have been as a result of the illegal Net Sweep and the elimination of the capital buffer needed when you have over $3 trillion on the books.