Saturday, October 02, 2004

Fannie Mae Corrupt Just Like The Rest 


I am so disappointed in Fannie Mae. I once defended them as targets of Republican businessmen who hated the fact that richer insurance companies and mortgage underwriters were losing share to this company that put people in homes. Turns out, they are lying cocksuckers just like the rest of the corrupt corporate culture here.

The problems are piling up at Fannie Mae. On the heels of a federal regulator's report detailing earnings manipulation and other accounting problems, the Justice Department has launched a probe into possible accounting fraud at the giant mortgage company, according to The Wall Street Journal.

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