"After the deadline for publication passed on Friday, a second spokesman for the Treasury Department, Anthony Coley, released the following statement: “The relevant language in the memo was about the importance of repaying taxpayers for the enormous investment that they made in the G.S.E.’s if the G.S.E.’s ever generated positive returns, which, at the time, was uncertain to ever occur.”
If they did not believe that the GSE's would return the taxpayer money, why didn't they put them into receivership and liquidate them? IMO they are not giving the true meaning of the memo.
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