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Re: Rodney5 post# 748838

Saturday, 02/18/2023 9:26:53 AM

Saturday, February 18, 2023 9:26:53 AM

Post# of 796555
Read the trial transcript in the Lamberth trial and you will see that Hamish Hume asked DeMarco on cross examination why DeMarco didn't consider the “Optional Pay Down of Liquidation Preference” before implementing the NWS.

DeMarco's response as I recall was that he never considered it nor did he have his senior staff look into any those other options (that would not have Nationalized the GSES). He also said that he believed that the US Congress was getting ready to "fix the broken system anyway" and that must have seemed acceptable to 1/2 of the Jurors.

"Good enough for Government work" wink !