Rudman report on FMae released this a.m.
I'll try to get a text of the report itself posted later. For now, here's news coverage. Sounds like the assessment of Fannie Mae could have been worse.
....Here we go: Executive summary here, huge report, 2652 pages, here... (Warning, this second link goes to a honking big file of 136.1 MB -- the biggest file I have ever seen made available for download.)
....Treasury Dept. reaction: "...lays bare the earnings-at-any-cost culture that had developed over many years at Fannie Mae, and the substantial abuses that resulted...."
... Meanwhile David Smith cocks an eyebrow -- OK, maybe even a snook -- at Fannie and Freddie's lobbying practices.
....Here we go: Executive summary here, huge report, 2652 pages, here... (Warning, this second link goes to a honking big file of 136.1 MB -- the biggest file I have ever seen made available for download.)
....Treasury Dept. reaction: "...lays bare the earnings-at-any-cost culture that had developed over many years at Fannie Mae, and the substantial abuses that resulted...."
... Meanwhile David Smith cocks an eyebrow -- OK, maybe even a snook -- at Fannie and Freddie's lobbying practices.
posted by Martha Bridegam at 9:30 AM
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