Hindes Asserts White House Cover-up Regarding Fannie Mae/Freddie Mac

Nov 24, 2015, 07:30 ET from The Delaware Bay Company, LLC

WILMINGTON, Del., Nov. 24, 2015 /PRNewswire/ -- Calling it "arguably the most egregious example of attempted government secrecy since the Watergate scandal of the 1970s", Gary E. Hindes, chairman of The Delaware Bay Company, LLC and former chairman of the Delaware Democratic Party, asserts in a report published today on his firm's website (http://delawarebayllc.com/images/The_Mystery_Witness.pdf) that the Obama Administration may have tried to cover up its effort to block a key witness from testifying in one of the many lawsuits filed against it in connection with its de-facto 'nationalization' of Federal National Mortgage Association and Federal Mortgage Insurance Corporation.  The two government chartered, but privately owned, mortgage insurance companies were placed into conservatorship by the Bush Administration during the height of the financial crisis in September 2008 and were subsequently the recipients of $187 billion in government aid – since repaid with an additional $54 billion profit to the government.

SOURCE The Delaware Bay Company, LLC