Summary - They knew the issue and purposefully = at first = took actions to avoid holding and adding and showing the GSE Debt. Gov was unfriendly but its actions fit some logic box
The buck may have stopped here, but did our troubles manifest at the same location?
15 years and NWS and Court ruling - all put in jeopardy the GOV accounting that the debt is not theirs ---- but we do not own it
Hopefully that becomes a theme in the media - financial press - congress ------ No such thing as a 15 year hiatus conservatorship and GOV gets to say not enough capital to stand on its own --- but still no debt on GOV books?