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Feds allege plot to destroy Fannie Mae data
Breitbart ^
| 1/30/09
| staff
Posted on 01/30/2009 8:06:10 AM PST by xtinct
URBANA, Md. (AP) - The Justice Department says it foiled a plot by a fired Fannie Mae contract worker in Maryland to destroy all the data on the mortgage giant's 4,000 computer servers nationwide. The U.S. Attorney's Office says 35-year-old Rajendrasinh Makwana, of Glen Allen, Va., is scheduled for arraignment Friday in U.S. District Court in Baltimore on one count of computer intrusion.
U.S. Attorney Rod Rosenstein says Makwana was fired Oct. 24.
Rosenstein says that on that day, Makwana programmed a computer with a malicious code that was set to spread throughout the Fannie Mae network and destroy all data this Saturday.
(Excerpt) Read more at breitbart.com ...
TOPICS: Breaking News; Crime/Corruption; Government; News/Current Events; US: Maryland; US: Virginia
KEYWORDS: 200810; 20081024; barneyfrank; chrisdodd; conspiracy; coverup; data; doj; election; fanniemae; feds; firsthundreddays; gordonbrown; hacker; investigation; kerry; makwana; obama; pelosi; schumer; soros
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To: xtinct
81
posted on
01/30/2009 9:25:27 PM PST
by
philman_36
(Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
To: xtinct
Why didn’t they just send Sandy Berger to smuggle the data out in his pants?
82
posted on
01/30/2009 10:10:43 PM PST
by
JrsyJack
(Oh dem golden slippers!!)
To: xtinct
What a crock. H1-B's are supposed to be reserved for jobs with critical skillsets, for which there is a shortage of American-born workers.
I'm sure with the mortgage crisis, there is NO shortage of American geeks who would want to cripple the Fannie Mae systems ;-)
Cheers!
83
posted on
01/30/2009 10:16:59 PM PST
by
grey_whiskers
(The opinions are solely those of the author and are subject to change without notice.)
To: xtinct
I strongly feel in my gut that this news release was issued so that it would cause people to question what was going on. This incident happened three months ago and it is only just now hitting the wires.
...a malicious code that was set to spread throughout the Fannie Mae network and destroy all data this Saturday.
The questions I keep asking myself...What was going to happen in the next two or three days that would prompt such action?
Why didn't this guy, if his intent was merely to destroy the information, set the bug to go off the very next day after his firing instead of waiting for three months?
There are answers to these questions, I'm sure. I'm just not that informed on the issue yet to make any kind of guess.
84
posted on
01/31/2009 5:37:01 AM PST
by
philman_36
(Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
To: goodnesswins
The Queeah should have hired an American instead of an H1B
The question is, will the Justice Department sweep it under the rug? Of course they will.
A swift death penalty is needed to curtail the crimes of the recent past.
85
posted on
01/31/2009 5:40:46 AM PST
by
bert
(K.E. N.P. +12 . The original point of America was not to be Europe)
To: xtinct
Hey, that’s my town. Glen Allen is just west of Richmond if you don’t feel like looking it up. I didn’t know Fannie had any offices down here.
Funny, this hasn’t turned up in the local news...
86
posted on
01/31/2009 5:47:57 AM PST
by
Doohickey
(The more cynical you become, the better off you'll be.)
To: penelopesire
Maryland, near Frederick.
87
posted on
01/31/2009 5:50:04 AM PST
by
Doohickey
(The more cynical you become, the better off you'll be.)
To: MikeWUSAF
He probably didn’t work directly for Fannie, but rather through an outsourcer or subcontractor.
Still...the rule that applies to DoD should apply to all Federal jobs - US citizens only need apply.
88
posted on
01/31/2009 5:52:16 AM PST
by
Doohickey
(The more cynical you become, the better off you'll be.)
To: xtinct
Fannie Mae RedemptionFannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
February 1, 2009
February 2, 2009
89
posted on
01/31/2009 5:52:37 AM PST
by
philman_36
(Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
To: xtinct
Mortgage-Backed SecuritiesFannie Mae intends to update its internal servicing system to make loan reporting easier for its servicers. Market participants should expect an implementation as early as February 2, 2009.That might have been hard to do if he were successful.
90
posted on
01/31/2009 5:59:56 AM PST
by
philman_36
(Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
To: xtinct
Foreclosures and Delaying the Day of ReckoningPutting foreclosures on hold to allow time for lenders and servicers to work things out is a popular notion these days. Recently, both Fannie Mae and Freddie Mac extended their holiday foreclosure suspension to Jan. 31, giving the companies more time to hammer out the details of their streamlined loan modification program.There seem to be several reasons for the bug to have been implemented today instead of three months ago.
91
posted on
01/31/2009 6:09:11 AM PST
by
philman_36
(Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
To: penelopesire
IF it was a setup, then
The H1B contractor is the fall guy. Not that he didn’t do the deed, but it does seem it was made easy for him to do so.
(of course, we weren’t there, so we really don’t know)
BUT, after he left, the supervisor probably set some employee on a search of files created by the fired worker, and, lo and behold, he found them.
So, the scapegoat is publicly identified.
NOW, if another undiscovered ‘program’ goes off , well, it would automatically be pinned on the fired worker.
Wouldn’t it?
92
posted on
01/31/2009 6:43:12 AM PST
by
UCANSEE2
(The Last Boy Scout)
To: ViLaLuz
Im sure Barney Frank would have demanded that Fannie Mae back up.I'm sure Barney Frank has seen a lot of fannies backing up.
93
posted on
01/31/2009 6:45:07 AM PST
by
UCANSEE2
(The Last Boy Scout)
To: Gandalf_The_Gray
The point is that it would have meant they entire network would be down while the system was being restored, and then verified.
That would have been a problem.
94
posted on
01/31/2009 6:47:04 AM PST
by
UCANSEE2
(The Last Boy Scout)
To: expatpat
How did they catch him, just in time?Anyone who watches TV knows they always defuse the bomb 1 second before it goes off.
95
posted on
01/31/2009 6:48:16 AM PST
by
UCANSEE2
(The Last Boy Scout)
To: xtinct
Maybe the commie news stations will have to start reporting some truth about who was really responsible for the Fannie Mae failure.
96
posted on
01/31/2009 6:48:36 AM PST
by
jetson
To: penelopesire
Of course, there is always the possibility that this happened exactly as described, and that the media source in this article was trying to fill a space, and found this info because of it’s target date, and voila!
97
posted on
01/31/2009 6:56:34 AM PST
by
UCANSEE2
(The Last Boy Scout)
To: UCANSEE2
(the)entire network would be down while the system was being restored, and then verified. That would have been a problem.
I thought that "Fannie" was already shut down, thanks to Franks and Dodd...Being bankrupt is a bigger problem then a computer virus for a lending agency.
Regards,
GtG
98
posted on
01/31/2009 8:17:25 AM PST
by
Gandalf_The_Gray
(I live in my own little world, I like it 'cuz they know me here.)
To: xtinct; Abundy; Albion Wilde; AlwaysFree; AnnaSASsyFR; bayliving; BFM; cindy-true-supporter; ...
Maryland “Freak State” PING!
99
posted on
01/31/2009 10:13:58 PM PST
by
Tolerance Sucks Rocks
(This election gave the drunks the keys to the liquor cabinet!)
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