At least Cox didn't know what he was talking about back in March when he publicly vouched for the strength of Bear Stearns Cos.' capital, just days before the investment bank collapsed. Treasury Secretary Henry Paulson and Ofheo's director, James Lockhart, have no such excuse for the way they pumped Fannie Mae and Freddie Mac last week.
In a statement on July 10, with shares of Fannie and Freddie in a freefall, Lockhart
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