Fannie Mae-No Politics (FNMA)

[chessmaster315]

This is all good, commander.

There is just "one small problem". Why should we now beleive the government when they have been repeatedly lying to us for the past 12 years?

In other words, what has happened that our government has turned over a new leaf and quit lying to us? I mean, gee..you have heard the lies, too:

1. The GSE twins are not in need of a bailout. Hank Paulson, 3 weeks before we were put in cship.

2. The Board resigned their positions voluntarily.

3. Since FNMA would have failed anyway, we owe our everything to the US government for "bailing us out".

4. The Net Worth sweep is necessary because fannie is in a "death spiral".

5. The NWS is justified because only rich hedge funds own fannie mae and rich people deserve to have their money stolen and given to the poor, the "Robin Hood" principal.

6. Its necessary to keep 11,000 documents related to fnma sealed due to "national security".

These are not all the lies..they are just some of them. And, the government wonders why we have lost confidence in our government, and no longer trust them.