Fannie Mae: the implied story, Part 5: Smoothing earnings with financial tricks
[For the introduction, see Part 1.]
[For previous installments, see Parts 2, 3, and 4.]
[Quotes in green are from the OFHEO report (full document, .pdf), on which Fannie Mae declined to comment. Sentences are occasionally reformatted (bullets, boldface emphasis, inconsequential brief elisions) for clarity.]
If the turbocharged earnings engine starts to rattle more […]
