Consider the uncomfortable truth here: shareholders bought shares of Fannie and Freddie precisely because they knew that if the two lenders ever fell in trouble, the government would step in. And now that the government has stepped in, it is determined not to help shareholders, saying they should have known better. Well, did the government know better? And if so, why didn’t it take action earlier?
She should ask Sen. Kyl those questions:
KYL: We’ve been predicting for years that this problem would come along. When I was chairman of the Republican Policy Committee, we wrote papers on it.
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