Life's Better Ideas

Occasional links to, and comments on, ideas that I think will make this a better world, and remarks about things that need fixing, too.

Location: Denver, Colorado, United States

Monday, April 18, 2005

Accounting scandal

It looks like the accounting scandal at Fannie Mae might be 19 times larger than Enron. Federal National Mortgage Association was created by Congress to supply additional capital to the mortgage market. Will the taxpayer bail them out? What will happen to the red hot housing market? Will the stock market tank? I dunno, but Fannie Mae's stock is already down more than 30 percent. And since Fannie Mae has close ties to the Clinton administration, it's getting a pass from the MSM. HT Carnival of the Capitalists


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