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Legal Commentary

: ms. morality

Fannie Mae and Freddie Mac Frauds

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Tom Blumer has this article on Fannie Mae and Freddie Mac, the governmental "public policy instrument" (Barney Frank's words), and how they have misreported their numbers for years - on a scale of Enron times 8. He quotes a Wall Street Journal article "New research by Edward Pinto, a former chief credit officer for Fannie Mae and a housing expert, has found that from the time Fannie and Freddie

Full post as published by ms. morality on January 08, 2010 (boomark / email).

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