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Fannie Mae Manipulated Accounting (Trading Halted)
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| Tuesday May 23, 2005
| Marcy Gordon
Posted on 05/23/2006 9:17:32 AM PDT by AdamSelene235
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Trading appears to be halted but I see no explanation on the newswires.
To: AdamSelene235
Employees at mortgage giant Fannie Mae manipulated accounting so that executives could collect millions in bonuses....
Nope. No such thing as greedy businesses.
2
posted on
05/23/2006 9:20:09 AM PDT
by
trubluolyguy
(When Ted Kennedy and HRC support you Mr. President, it's time for some soul searching)
To: AdamSelene235
Fannie Mae employees falsified signatures on accounting transactions that helped the company meet the 1998 earnings targets,... That's it. Impeach Bush!
3
posted on
05/23/2006 9:21:18 AM PDT
by
McGruff
([/sarcasm])
To: All
4
posted on
05/23/2006 9:21:59 AM PDT
by
AdamSelene235
(Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
To: AdamSelene235
Another great Clinton appointee: Franklin Raines. This guy would steal hot soup if he had rubber pockets.
My word, if the stock reopens today it should fall like a brick through air.
5
posted on
05/23/2006 9:22:05 AM PDT
by
RexBeach
("There is no substitute for victory." -Douglas MacArthur)
To: AdamSelene235
Anyone surprised by this announcement, stand on your head.
6
posted on
05/23/2006 9:23:19 AM PDT
by
Petronski
(I just love that woman.)
To: McGruff
That's it. Impeach Bush! By some incredible miracle, the Bush Administration has actually taken the correct position on this issue.
7
posted on
05/23/2006 9:23:21 AM PDT
by
AdamSelene235
(Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
To: AdamSelene235
The WSJ has been hammering this story for years. People need to go to jail.
8
posted on
05/23/2006 9:23:24 AM PDT
by
Psycho_Bunny
(ISLAM: The Other Psychosis)
To: AdamSelene235
Now they investigate Fannie's evil sister, Sallie.
9
posted on
05/23/2006 9:23:44 AM PDT
by
rhombus
To: trubluolyguy
A business is not human, therefore it cannot be "greedy". Place the blame squarely where it belongs - on unethical and probably criminal top management joes.
10
posted on
05/23/2006 9:24:50 AM PDT
by
cinives
(On some planets what I do is considered normal.)
To: Petronski
Anyone surprised by this announcement, stand on your head. By the standards of the NYSE this company should have been delisted for lack of a financial statement many many quarters ago.
11
posted on
05/23/2006 9:24:54 AM PDT
by
AdamSelene235
(Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
To: AdamSelene235
Anyone could have told you this was going on based on Raines actions at the top....
To: AdamSelene235
But, but this isn't possible! They are only doing the jobs that accountants won't do! /sarcasm
(Ok, that was a stretch :)
13
posted on
05/23/2006 9:27:36 AM PDT
by
redgolum
("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
To: rhombus
I am sure the MSM will be all over the greed and corruption in this case just like they were in the Enron case. /sarcasm
To: AdamSelene235
I really prefer mine medium rare.
To: RexBeach
This guy would steal hot soup if he had rubber pockets.
Any word on when we can expect to see an indictment? Or is the fix in on that, as well?
16
posted on
05/23/2006 9:31:41 AM PDT
by
caryatid
(Jolie Blonde, 'gardez donc, quoi t'as fait ...)
To: caryatid
Nope. But I don't think the boys can get away with this. It's a public company and the government will prosecute. Even DOJ would have trouble screwing up this case.
I wonder what Mr. Raines did with his ill-gotten bonus money?
17
posted on
05/23/2006 9:33:58 AM PDT
by
RexBeach
("There is no substitute for victory." -Douglas MacArthur)
To: AdamSelene235
someone needs to mention clinonista Jamie Gorelick.
18
posted on
05/23/2006 9:35:40 AM PDT
by
staytrue
(Moonbat conservatives-those who would rather have the democrats win.)
To: cinives
Hell, we've given corporations human rights, why not human attributes?
19
posted on
05/23/2006 9:35:51 AM PDT
by
Wolfie
To: rhombus
Sallie is way less a problem than Freddie Mac. Freddie is the next shoe to drop. They're levered out the wazoo (improperly and against their charter, btw), and dollars-to-doughnuts every bit as internally corrupt as Fannie.
20
posted on
05/23/2006 9:38:08 AM PDT
by
SAJ
(b)
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