Fannie Mae (FNMA)

[Robert from yahoo bd]

"The recently unsealed documents only scratch the surface of the massive collection of documents that the government has used “executive privilege” to keep under wraps because they supposedly reveal the truth about the GSE bailout.

According to Taibbi, the series of now-unsealed depositions given in the shareholders’ lawsuits are just the beginning of an “11,000-document cache of government communications” relating to the governmental takeover of the GSEs.

Taibbi writes that the still-sealed documents do more than show Fannie and Freddie weren’t actually in the supposed “death spiral” that the government claimed when it modified its conservatorship agreement with Fannie and Freddie to claim all the profits from the GSEs."