Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

It's hard to cross examine him effectively when the government has presented HUGE HOLES in the normal Discovery Process where information is normally readily available to contradict witnesses.

Here, DeMarco, FHFA, and the GSES with Uncle Suggy's boot on their neck are protected from us discovering WTF went on behind the closed doors at Treasury, the White House, and the FHFA.

"I'm the most TRANSPARENT POTUS EVER"-Barry

After DeMarco testified, I speculated that maybe the administration at the time wanted mortgage forgiveness but both Watt and DeMarco said "No". Was the NWS payback, political opportunism, a sure fire way to get funding by bypassing the Congressional Appropriations Process controlled by an opposition party determined to starve funding for Obamacare?

Whatever it was, it deprived the GSES of a much needed capital rebuild.

We may never know for sure as the feds hide behind Executive Privilege and National Security exemptions.