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The Office of Federal Housing Enterprise Oversight (OFHEO), which was Fannie Mae’s and Freddie Mac’s safety and soundness regulator before July 30, 2008, repeatedly said that the GSEs had adequate capital.18 In other words, according to OFHEO, the GSEs had sufficient funds to survive their current financial difficulties.

http://fpc.state.gov/documents/organization/110096.pdf

Do you ever wonder why the government is fighting so hard in Federal Claims Court to stop plaintiff from Moody’s, Deloitte and PWC (Third Parties) discovery?

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