Replies to post #314435 on Fannie Mae-No Politics (FNMA)

[doughishere]

Ada, I asked the same thing....It was actually Fairlome that requested the extension for discovery so either 1) their case isn't as lock as it should be or 2) they are trying to figure out exactly what happened to further their narrative.

I think they see some things that arnt quite adding up, infact we know this through the their arguments. And thus they are going to get more people to testify under oath. There will be more depositions to see how far to the top this goes.

I think its almost true. "Dig a grave six feet, find three bodies. But dig twelve feet, you find forty," if you will. Fairlomes lawyers want to go 15 feet and see where this goes.

I dont normally believe in conspiracy theories but there "may" be the beginning of a larger scandal here. Imagine a government accounting scandal the likes of Enron colluding to push policy at the expense of business. Imagine them in a concerted effort to "cook the books" creating a loss. You get some emails like "lets take out the shareholders" or "Normal accounting standards not necessarily apply here lets do something more inventive" or along those lines from the right people and you have something that could be really significant. Remember in 2004 Fannie may manipulated accounting to a tune of $6.3 billion in restated earnings...so its been done before.


I'm kinda shocked how under the radar all this is....even to a degree fairlomes lawyers are also....Just imagine if some of that redacted documents get out. Especially if its as juicy as Fairlomes lawyers think it is.

From what i gather in Ms. McLeans book that F&F are larger parts, others being defense or religious, of the power base of politicians in Washington. So there is a lot of people can loose out if someone blows the whistle. Which is why we havent had one yet. No one will really touch it. Its the same reason why Presidential candidates wont touch it and why i dont think the republicans will push against anything. Also, i think its the same reason no legislation has really been able to gain steam. It costs too many points(donation dollars) to be against F&F recapitalizing, it costs too may points(anti big business votes) to be for F&F recapitalizing.

While i understand this all sounds crazy, I cant help to wonder whats in the redacted documentation. Maybe is just proprietary information but with the obama administration lawyers looking into it..and everything else we can infer..its hard not to smell smoke. Which is precisely my dilemma, I can only infer. Looks like a document leak is what would be the way to go now....but after snowden we know how well liked you are if that happens.