Fannie Mae-No Politics (FNMA)

[navycmdr]

Hamish will present the deposition of Susan McFarland

prior CFO of Fannie who TOLD the GOVT (Paulson) STRAIGHT OUT

"WE ARE OK - WE DON'T NEED the MONEY - WE HAVE 18 months of CASH ! "

no explanation needed to Jury - THIS WAS a GOVT STICK UP !

Gary Hindes ...

http://www.delawarebayllc.com/images/Will_the_new_Administration_become_complicit_in_a_brazen_theft.pdf

During the height of the 2008 financial crisis, the Bush Treasury engineered the takeover of Fannie Mae and Freddie Mac. It claimed they were teetering on bankruptcy and needed to be put into ‘temporary’ conservatorship so as to avoid a major collapse of the economic system.1 This “big lie” has been repeated for years, but it turns out to have been just that: a big lie.2 Through over a dozen years of ongoing litigation, angry shareholders who saw their investments in the companies vaporize overnight obtained thousands of pages of government documents, including emails between the major players at Treasury and the Bush White House. (Getting the documents was like pulling teeth: they were only produced under court order.) Those documents make clear that neither Fannie nor Freddie needed a rescue and that the real purpose of the takeover was to use the companies to soak up toxic mortgages from the big banks which were groaning under their weight. Indeed, it wasn’t a bailout; it was a stick-up