tag:blogger.com,1999:blog-940142538364421402.post4403595026585991511..comments2024-03-02T02:30:55.592-08:00Comments on Bill Maloni's GSE Blog: Mad!Bill Malonihttp://www.blogger.com/profile/17459277100798719104noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-940142538364421402.post-67956165166163398392007-12-07T09:18:00.000-08:002007-12-07T09:18:00.000-08:00No need to apologize for the typos. They happen wh...No need to apologize for the typos. They happen when people are angry and overwrought. Been there, done that.<BR/><BR/>You're right I'm not a lawyer and you're wrong, I hardly think the GSEs are blameless.<BR/><BR/>But, having worked at two federal financial regulatory agencies, I know first class regulation when I see it and I know "amateur hour" when I see it. OFHEO has never been first class. If it is any solace, that situation pre-dated you and post-dated you, too.<BR/><BR/>I am happy to let the IG's report speak for itself. No need for me to characterize it. It's pretty clear what it describes. ("Amateur hatchet job." I guess that means you didn't like the HUD report.)<BR/><BR/>"Chevy Chase thug?"<BR/><BR/>Until you wrote that, I thought you really were mad at me!<BR/><BR/>Best wishes in your new career.Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-84240784718149894972007-12-06T20:31:00.000-08:002007-12-06T20:31:00.000-08:00Sorry about the typos. "policies" not "policie" an...Sorry about the typos. "policies" not "policie" and "know" not "no."Steve B.https://www.blogger.com/profile/00668723543421541735noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-63908422696975930972007-12-06T20:27:00.000-08:002007-12-06T20:27:00.000-08:00I respond because it has been my privelege to figh...I respond because it has been my privelege to fight people like you all my life. Corrupt, fundamentally dishonest, cowards. <BR/><BR/>The OFHEO exam uncovered dozens of emails from you to executives at Fannie Mae, congressional staff, outside counsel etc. that demonstrated conclusively that you were actively involved in the Fannie Mae program of generating HUD IG exams to attempt to intimidate OFHEO from conducting its regulation and Special exam. Your conduct was reprehensible. The Department of Justice looked at the amateur hatchet job of the HUD IG and officially refused to prosecute, truthfully they did not want to have anything to do with it. <BR/><BR/>You personally worked to generate several HUD IG exams and the fact that the last was after you were gone was just a continuation of the policy. Your efforts to hide the malefeasance of the executives injured the interests of the shareholders of the company and obstructed the investigation of the company by its federal regulator. The only reason you weren't fired is you had retired and we had bigger fish to fry. It will be left to shareholder's plaintiff counsel to determine whether to pursue you after your efforts are reviewed by them in discovery.<BR/> <BR/>Your actions attacking OFHEO have been repudiated by the company, and along the way those people who did not have the integrity to abandon your policie lost their jobs. <BR/><BR/>What makes you a joke is that only you and executives defending themselves from charges are the only people still sticking to the pre-exam Fannie line that Fannie did nothing wrong, the accounting was complex and OFHEO was out to get you. Company settlements with OFHEO and the SEC, and multibillion dollar restatements notwithstanding, you still want the old nonsensical story to be told, so you tell it again and again. You are left publishing a blog, a middle aged man making fun of people's surnames. Pathetic.<BR/><BR/>This is my last response to your blog. I am no longer a public official and this blog is your personal responsibility. If you continue to suggest that I was guilty of securities fraud or any other wrongdoing, I will sue you. Your actions cast aspertions on me professionally and constitute libel per se, trade libel. Your statement about securities fraud indicates you no nothing about the law, and if you would like on the job training about the law of defamation continue on your present course with me. I suggest you stick to those who don't fight back, the HUD IG didn't intimidate me and a Chevy Chase wanna-be thug doesn't either.<BR/><BR/>Stephen A. Blumenthal, Esq.Steve B.https://www.blogger.com/profile/00668723543421541735noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-37637828728326652762007-12-06T16:00:00.000-08:002007-12-06T16:00:00.000-08:00Happy holidays to you my friend. Thanks for readin...Happy holidays to you my friend. Thanks for reading my blog.<BR/><BR/>You can spin it however you want but a HUD IG in a GOP Administration--with no Dems involved in the process--revealed the game you and your friends were playing.<BR/><BR/>What was the IG's agenda?<BR/><BR/>Come on Steve, you got caught. so bluster all you want. It's tough ignoring what the HUD lawyers found you doing.<BR/><BR/>BTW. I think I was long gone from Fannie when the IG nailed you (I guess that's why they interviewed Mr. Duncan and not me), but if I was responsible--in any way--for this little bit of sunshine exposing your very unprofessional tactics then I am most happy.<BR/><BR/>Why would a regulator turn to guerilla tactics and try and financially injure one of its regulated institutions?<BR/><BR/>Lastly, Steve, if I am as much of a "joke" as you claim then why are you answering me and not just ignoring the blog. You're providing grist, man, don't you realize it?<BR/><BR/>Thanks again, Bill.Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-13092214800363567432007-12-06T08:40:00.000-08:002007-12-06T08:40:00.000-08:00During the Special Examination of Fannie Mae, Duan...During the Special Examination of Fannie Mae, Duane Duncan, then head of the government relations effort, testified under oath and before a court stenographer, that the HUD IG exam was generated by Fannie Mae in an effort to undercut the Special Exam. <BR/><BR/>The Exam also uncovered emails from Bill Maloni to Fannie Mae management, proposing that Blumenthal be "set up" by getting Democrats to allege that Blumenthal was improperly investiating accounting irregularities. <BR/><BR/>You are a joke Maloni, and everyone knows it.<BR/><BR/>Merry Christmas.<BR/>Steve BlumenthalSteve B.https://www.blogger.com/profile/00668723543421541735noreply@blogger.com