I want to know why Fannie and Freddie are getting a pass.
Freddie and Fannie are being ignored because they are joined at the hip to Frank and Dodd, the architechs of the global financial meltdown. If Freddie and Fannie were held under the microscope, it would implicate Frank and Dodd. And since Frank and Dodd are heads of the banking committees, this will never happen. They control the scope of the investigation. Now that holder is leading the charge for criminal investigation, someone at Sachs will end up in prison and be villified in obama’s media. I ususally don’t go out on a limb like this, but you can take this to the non tarp taking not yet politicized bank.