The ruling came in response to a request from the Federal Housing Finance Agency itself -- which means that a federal agency essentially succeeded in getting rid of its own inspector general. The FHFA is home to Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, which are jointly responsible for purchasing or guaranteeing more than 80 percent of new mortgages issued since the middle of 2008, according to FHFA numbers.Basically, the government asked the Justice Dept to rule...and of course they did, just the way they should...to cover up any possible misdeeds.
Wednesday, November 11, 2009
The Huffington Post is reporting that Fannie Mae and Freddie Mac have fired their Inspector Generals. This will effectively prevent ANY investigation into the activities that led up to the collapse of the American financial institutions.