An Unfortunate Outburst of Intense Patriotism: A $7,000,000,000 Scandal You Probably Haven't Heard About

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Thursday, December 7, 2006

A $7,000,000,000 Scandal You Probably Haven't Heard About

After over two yeas and over $1,000,000,000, the accounting nightmare that is mortgage broker Fannie Mae is slowly getting resolved. “Fannie Mae took another step toward resolving its accounting fiasco by announcing a restatement of results that reduced retained earnings as of June 30, 2004, by $6.3... Sign in to see full entry.

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