Replies to post #322708 on Fannie Mae-No Politics (FNMA)

[big-yank]

You choose to ignore the alternative rationale for actions taken by government. Paulson said it was to wind down the GSEs. Geithner said it was to wind down the GSEs. The lengthy White Paper submitted to Congress said it was to wind down the GSEs.

If Amendment 3 was simply another page in the wind down effort, that would not constitute any fraud, IMO. It would be a lawful and properly consistent stance in a concerted effort to preventing taxpayer exposure to another publically funded bailout of Fannie Mae & Freddie Mac, ever again, as expressed as a mission-critical objective by a large number of legislators on both sides of the aisle under two Presidential regimes, one Republican and one Democrat.