Tuesday, December 09, 2008

Fannie Mae's Damning Document

I would ask you to remember this document because its significance is very great and I will be referencing it with a post in January. This is a smoking gun for what appears to be outright management fraud and complete disregard for risks they clearly understood. It appears more and more evidence is pointing to the destruction of this firm in the name of personal profit.

Courtesy of broader investigatory reporting at ProPublica.
posted by TimingLogic at 8:35 PM