On Wed, 30 Nov 2011 08:08:17 -0500, Ombudsman
wrote:

"Hank Paulson Warned Hedge Funds, Goldman Sachs Pals About Takeover of
Fannie Mae and Freddie Mac

Paulson explained that under this scenario, the common stock of the two
government-sponsored enterprises, or GSEs, would be effectively wiped
out. So too would the various classes of preferred stock, he said.

The fund manager says he was shocked that Paulson would furnish such
specific information — to his mind, leaving little doubt that the
Treasury Department would carry out the plan. The managers attending the
meeting were thus given a choice opportunity to trade on that information.""

Poor bob. The fool and his money are soon parted.


ahem.

all of this took place in 2008

obama took office in 2009

christ the right wing is so ****ing dumb they dont even know who was
pres in 2008!