The deep thinkers in Washington set this up to happen way back in 2008. Then Treasury Secretary, Hank Paulson, made the fateful decision to put Fannie and Freddie (F/F) into a Conservatorship. The Agencies should have been put into a Receivership; they were broken entities back then. If they had been declared bankrupt in 2008, there would be no Perry lawsuit today.
via Agency Shit Storm | Zero Hedge.
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