Replies to post #354549 on Fannie Mae-No Politics (FNMA)

[big-yank]

There are ZERO documents needed to rule on a violation of HERA. The law either empowers the actions taken by FHFA and Treasury, or it does not. Motive is irrelevant.

As for questionable accounting, unless there was no report suggesting a death spiral decline possible for the GSEs, it is pointless to argue that any one report or deposition from McFarland have 100% certainty assuring success of the GSEs future economics and ability to repay bailout funds outstanding. That clearly is not the case. The Treasury Secretary actually wrote a book about it. Coming from Hank Paulson, that content is not hearsay. So no documents are needed for any such suit.

JMHO.