Grassely was essentially asked if he is siding with the Hedge Funds (Bill and Bruce specifically) and he said it's not about that and that he has a responsibility in checks and balances to push for transparency, and that right now there are documents being withheld for whatever reason and he wants to know why, and he wants to know why executive privilege was imposed and if Obama himself had a say because in the constitution executive privilege has to be invoked by the president himself
he was asked what should happen to Fannie and Freddie, he said 15-20 years ago bad loans were made and FnF were players in making those loans and they either need to be reformed or done away with, but right now the question is about the executive privilege and transparency
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