Former Fannie Mae Execs Consent to Multi-Million Dollar Penalties

RE:Former Fannie Mae Execs Consent to Multi-Million Dollar Penalties

alan — Mon, 21 Apr 2008 11:00:00 GMT

What a freaking joke! These are the people ensuring I provide "honest" appraisald....not a peep in the major newspapers either. Iguess mult-million dollar fraud at a GSE is no big deal ,> al s

RE:Former Fannie Mae Execs Consent to Multi-Million Dollar Penalties

Gov — Mon, 21 Apr 2008 11:00:00 GMT

What about prison time for those criminals?

RE:Former Fannie Mae Execs Consent to Multi-Million Dollar Penalties

esq — Mon, 21 Apr 2008 11:00:00 GMT

The reality was that FNM never was another Enron and the case against FNM and its executives was weak. Don't buy the public relations nonsense that FNM was a rogue company. Don't be outraged at the Fannie execs, be outraged that OFHEO, an ill-conceived and irresponsible regulator, had its strings pulled by Bush's Republican administration and was directed to destroy FNM by any means necessary. Now, this same administration is trying to hide the miniscule settlement by using ridiculous "original issue date option valuations" to give the illusion of a big-dollar settlement and further its charade. (Remember, Frank Raines was head of Clinton's OMB.) The Republicans had to accept a "nuisance value settlement" in order to protect themselves and prevent the truth from being exposed.