It was TREASURY that initiated the deception that the GSE's needed help. WHY? Because Treasury, under direction of the PRIVATE FEDERAL RESERVE who is owned by member banks and not the Federal Gov, wanted to gift the GSE's to it's member TBTF Banks. This was all done under complicit Clinton, Bush and Obama Administrations. This is why Gov says releasing unredacted docs to the public "will roil the markets".
The point is correct. Treasury changed the normal 60 year accounting for Mortgage Liabilities on how to report a loss Reserve on a 30 year Liability. “Marking-to-market” was deceiving and allowed fake propaganda that GSE’S needed Government Help. $FNMA@HoldenWalker99