Reading James B. Lockhart's article titled "
For the millions of shareholders who directly or indirectly relied on Mr. Lockhart, then the federal regulator of Fannie and Freddie, his public assurance proved disastrous. On Sept. 7, 2008, the two companies were placed in conservatorship by the Federal Housing Finance Agency and the stockholders saw the collapse of their investments — so long considered as the safest after Treasury bonds.
So, why did you say what you did, Mr. Lockhart, when people trusted you to tell them the truth?
Sincerely, Ralph Nader