Update 10: Report: Fannie Mae Manipulated Accounting - Forbes.com: --Good News? Chilling, anyway.
"Federal regulators issued a blistering report about mortgage giant Fannie Mae on Tuesday, alleging accounting manipulation aimed at lining executives' pockets and lying to investors about smooth growth in profits and earnings. The government-sponsored mortgage company was fined $400 million and agreed to limit its growth. "
pole down, lights out
5 days ago