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Replies to post #297936 on Fannie Mae-No Politics (FNMA)
Using his conversational style of cross-examination, Mr. Boies managed to disarm, and at times dismay, a procession of government witnesses. One minute they would be chuckling at a joke, and the next nervously gulping down a glass of water as Mr. Boies burrowed in.
He confronted the architects of the bailout, including Timothy F. Geithner, Ben S. Bernanke and the Federal Reserve’s and Treasury Department’s lawyers, with their own emails, statements and handwritten notes, many unearthed publicly for the first time. The documents revealed that more internal doubt existed than was previously known about whether the Fed was crossing legal lines during its bailout of A.I.G.
The picture the government tried to paint in court of a clear need to act as the financial system teetered on collapse — extraordinary times calling for extraordinary measures — became more muddled as the trial continued.
AI
