InvestorsHub Logo
icon url

bmp152

02/18/14 4:40 PM

#175805 RE: bmp152 #175802

Everyone should read the article in my previous post:

"Fannie Mae, Freddie Mac litigation heating up"
http://www.valuewalk.com/2014/02/fannie-mae-freddie-mac-litigation-heating/

It really outlines quite nicely what could very well take place now that the Geithner-Goldstein memo is out there. The author of this article makes the point that the administration cannot let discovery happen. People will then be under deposition, their word cast in the record of the courts, and held accountable for their fraudulent activities. It is best now if the govt negates the 3rd sweep "on their own will" and save political face, as well as to preemptively invalidate at least some of the lawsuits.

It's really quite a compelling look at the situation...IMO.
icon url

melly4

02/18/14 5:03 PM

#175813 RE: bmp152 #175802

I remember Timothy Geithner was accused of not paying certain taxes prior to his nomination. Obama made light of it during that time, and pretty much swept it under the rug. Money can disappear with a guy like that running the Treasury or shady deals like the ones coming up now IMO.