Nader: Paulson, Bernanke Deceived Shareholders, Google it.
Bloomberg TV Interview Nader. The Guy asking the questions wrong when asking about Fannie Mae needing a bailout. FANNIE MAE DID NOT NEED A BAILOUT PAULSON HIGH-JACKED THE GSEs TO BAILOUT THE MEGA BANKS...The Mega banks needed a bailout ! How can these people get away with this ?
That is 100% correct. Paulson, in his own book, writes about seizing FnF and POURING money into banks to save them. Apparently, according to Paulson. Every bank is a systematic risk. FnF gave the US and their hired hit man Paulson the ability to "save" the banks. Next go round, without FnF, they will not have that ability. The FnF system SAVED the world economy. it's that simple.
The problem is the other "truth" which is a lie .... has been repeated so many times people believe it.... its where lies become truths because fannie and freddie have no microphone. Their balls were snipped by FHFA and hera.