Fannie Mae-No Politics (FNMA)

[obiterdictum]

Yes, I realize that. And nowhere in that report is their mention that Obama said this or that.

Sperling says: “I want to make clear, the Obama administration believes the risks are too great that this model would recreate the risks of the past,” Sperling said today in a Washington speech.

Obama administration is not Obama. That is, Obama was not present, and therefore said nothing and the statement is a repeat of the August statement.

And the lead sentence is a assumption made by the author that Obama would reject proposals. She makes the statement and backs it up with one that says nothing of the kind found in the lead sentence.

President Barack Obama would reject proposals by hedge funds to recapitalize Fannie Mae (FNMA) and Freddie Mac (FMCC), National Economic Council Director Gene Sperling said..

Notice there are no quotes around that lead sentence indicating that Obama or Sperling. said that. It is her assumption and conclusion.

This is just a sucker punch made up by the author of the article. Read carefully, it is just a negative swipe so commonly used at Bloomberg.