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Thursday, September 15, 2022 10:04:23 AM
The Treasury Secretary holds a meeting with a group of Wall Street Managers, many former Goldman Sachs employees with the intent to reveal his plan to take over Fannie Mae and Freddie Mac wiping out the common stock and preferred shares.
Quote: “Bloomberg Markets reports that in July 2008 then-Treasury Secretary Hank Paulson told a meeting of big investors, including several fellow Goldman Sachs alumni, how he would nationalize Fannie and Freddie and wipe out shareholders, leaving little doubt that the Treasury Department would carry out the plan, according to Bloomberg's source.” End of Quote.
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