who was the senator that pulled a cya letter from his files when caught doing something? i can’t recall the details or who it was - but the senator was known for doing that
i am glad the announcement was held until after the market closed - friday was already a spooky day without adding this
i can understand why they were spooked when you add fannie mae and freddie mac to the mix - seems like monday will be a test of their stability
http://online.wsj.com/article/SB121577699220645703.html
After a week of near panic among shareholders of the two companies — and a stomach-churning day on Wall Street Friday — the next big test will come Monday when Freddie Mac is due to sell $3 billion of short-term debt. An unsuccessful sale could be a major blow to investor confidence. If the administration were to intervene, it could do so before markets opened that day, according to a person familiar with the deliberations.
but obama’s buddy will be ok
http://corner.nationalreview.com/post/?q=NWM3MDFkM2QwNzRjODk3NWZhZTc3OGIxNDQ4Nzc2NDc=
Investigators found that Fannie Mae had hidden a substantial amount of Johnson’s 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million.
It was Jay Rockefeller. It had something to do with the Bush Administration's tracking down terrorists - the heads of the Intelligence Committees had been informed and had concurred - but I don't remember the details.