Matt Taibbi: Government secretly plans Wall Street takeover of Fannie, Freddie

This wouldn’t be a takeover – it would be more like the relinquish of custody to the indigent father.

Justice League

Rolling Stone’s Wall Street hatchet-man on the hidden truth of #FannieGate


If Rolling Stone’s Matt Taibbi is to be believed, yes, there absolutely was a government conspiracy behind the bailout and subsequent takeover of Fannie Mae and Freddie Mac.

And now, the government is fighting tooth and nail to keep the evidence of that conspiracy a secret, all while plotting something far more insidious — the privatization of the government-sponsored enterprises.

Has the shock subsided?

In a long piece posted Monday, Taibbi, who’s made a career of taking on Wall Street, aims his sights on Fannie and Freddie bailout, the mountain of federal government documents pertaining to it, and efforts by the “most transparent administration in history” to keep those documents from seeing the light of day.

Some of those documents surfaced recently as part of lawsuits filed by a series of Fannie and Freddie shareholders, who 

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