Replies to post #249769 on Fannie Mae (FNMA)

[Crazy Money]

No idea what you are saying :-)

[Coconut3]

Good thoughts!

[IL Padrino]

Without all the legal gobbledygook that comes along with these things, bottom line is cship was meant to hold companies until safe and self sufficient. They are. Let them go.

[955]

While banks were responsible for setting into motion the events that started the financial crisis, it was Gov that deliberately and ultimately enabled it. Treasury and FHFA, conflict of interest if ever there was one.

Isn't it ironic how Carmen Segarra's accusation of a lack of conflict of interest policy at Goldman Sachs is exactly the same company where Hank Paulson was CEO before heading up Treasury? Like Pig Pen, the dirt follows him wherever he goes. Can't wait for him to testify next week in the AIG case.

I think this is very important. In the the ruling conclusion, judge states:

"Here, the plaintiffs' true gripe is with the language of a statute that enabled FHFA and, consequently, Treasury, to take unprecedented steps to salvage the largest players in the mortgage finance industry before their looming collapse triggered a systemic panic. Indeed, the plaintiffs' grievance is really with Congress itself. "

This is validating that the Treasury is making decisions for the GSEs. FHFA is the conservator and not the UST. This further validates the other trial in Sweeney's courtroom that the UST and FHFA were working and colluding together. Does it not?

[mikoli007]

It also flies in the face of the definition of "Conservatorship"