Even Ugoletti - who elsewhere is not our friend - lays out the original "path" - wow (I forget where ugoletti is on the opposite side on what the GOV knew?)
The goal of Paulson et al when it all started (not at time of Sweep - where Ugoletti is not so friendly?) --- but from the start
WOW
now this approach IMO continued with Geithner and a pure belief in private money
I have noted my theory that such Rubin - Greenspan - Paulson think was TAUGHT to the president
That is why I "gave some space - lots of space" to the WH
I also said I hope to god that LEW was not of that mindset and WATT and LEW would get the POTUS better informed on the value of a private and independent (of TBTFBanks) F and F
WATT started a bit on that issue Now I hope to see LEW move out a bit in our direction
But congress didn't act before FNMA became profitable, negating the need to be in conservatorship. Exiting from conservatorship would not necessarily preclude congress from crafting a new system and passing it. But if they weren't able to do that, they weren't able to do that! And the remaining issue is the unnecessary conservatorship.
Market Data 
Markets 
AI
