Date: December 20th, 2006

Fannie Mae: finger, point

20 December, 2006 (09:25) | Uncategorized |

O God, “give me chastity, but not yet,” Saint Augustine is reputed to have prayed, and in the latest (albeit anticipated) development in the ongoing Fannie Mae saga, the company has sued its former auditors for, in effect, not stopping its own misbehavior. 
 

“Please stop me from smoothing earnings … but not yet!”
 
As the Washington [...]