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Old 09-30-2008, 05:19 AM   #1
Eriic
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:mad Fannie Mae, Freddie Mac face grand jury for accounting practices

WASHINGTON - Adding to their woes, mortgage finance giants Fannie Mae and Freddie Mac are facing a federal grand jury investigation into their accounting practices.

http://news.yahoo.com/s/ap/mortgage_...investigations
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Old 09-30-2008, 05:23 AM   #2
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And they will hang some low level guy that was making 32k a year, and the guy running the Dept making 14 mil will walk, even though he knew what was going on.
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Old 09-30-2008, 05:29 AM   #3
Eriic
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Quote:
Originally Posted by pornguy View Post
And they will hang some low level guy that was making 32k a year, and the guy running the Dept making 14 mil will walk, even though he knew what was going on.

There always seems to be a fall guy
Hopefully they will through out a wider net and capture more fish this time
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Old 09-30-2008, 05:57 AM   #4
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GOOD!! And I hope when it's all said and done, these worthless lying scamming pigs get hung out to dry.

End of rant
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Old 09-30-2008, 06:35 AM   #5
Paul Markham
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Quote:
Originally Posted by Nikki_Licks View Post
GOOD!! And I hope when it's all said and done, these worthless lying scamming pigs get hung out to dry.

End of rant
Depends on how much he contributes to the politicians. Seriously it seems to me the real culprits in this will walk away with their fat bonuses intact. Bonuses built on toxic debt. They are no better than the Enron scum.
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Old 09-30-2008, 06:39 AM   #6
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what pornguy said. Some poor soul will pay the price while the CEO fans himself in his island in the Caribbean
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