Tony Farto Explains The President’s Lack Of Prescience
Q Back in August the President described the housing crisis as headed for a soft landing. Would he describe it differently now?
MR. FRATTO: I think what we are — I don’t know if that’s the way that we would describe it today. I think knowing the way the housing sector is dealing with this transition — we know a little bit more now than we knew three months ago and six months ago; I don’t think that’s a surprise.
I think in terms of a soft landing, it’s a — we could try to ascribe adjectives to how it’s going to play out.
Emails? Emails? What Emails
Q Tony, on the subject, could you address the missing White House emails and the law suit? It is a subject of reports this morning. Are there in fact the emails missing? What’s the likelihood of their recovery versus the —
MR. FRATTO: I think our review of this, and you saw the court filing on this, and our declaration in response to the judge’s questions — I think to the best of what all the analysis we’ve been able to do, we have absolutely no reason to believe that any emails are missing; there’s no evidence of that. There’s no — we tried to reconstruct some of the work that went into a chart that was entered into court records and could not replicate that or could not authenticate the correctness of the data in that chart. And from everything that we can tell, our analysis of our backup systems, we have no reason to believe that any email at all are missing.
Q So where are they?
MR. FRATTO: Where are what?
Q Where are part of —
MR. FRATTO: Which email? Look, no one will tell you categorically about any system — any system, whether it’s your system at Bloomberg or our system here at the White House, past and present, categorically that data cannot be missing. All of our review of it and all of the our understanding of the way that the backup system works, it’s a backup system that captures existing data, it captures things that are stored and archived. We have no reason to believe that there’s any data missing at all — and we’ve certainly found no evidence of any data missing.
Q So that would mean that if you were asked, you would be in a position to comply with a request to produce those documents?
MR. FRATTO: Yes, which documents? I mean, if someone has a specific request for documents and they would like us to search for particular emails, of course we could search for emails — and we have. And we have been responsive to requests in the past.
Q And they have been produced? They do exist?
MR. FRATTO: We have produced emails upon request, either for our own internal review or sometimes in response to investigations that have taken place on the Hill. I mean, we have been able to go back and find email. The question is, have we been able to find a large mass of missing email? No, we have not located somewhere in the system the absence of something. We have not been able to note the absence of anything in our databases.*
Q You’re saying they’re there, you just haven’t located them yet?
MR. FRATTO: No, I’m saying we have no evidence that shows that anything at all is missing. And you’re saying, well, have you found the missing emails — and we say we have no evidence that anything is missing.
Q So you’re saying that would include emails that were erased from the Republican National Committee system that was used by some White House officials?
MR. FRATTO: I can’t speak to the RNC’s system of archiving and storing email. All I can tell you is that the email on the White House computers, we have no reason to believe that any email or other data are missing.
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