Fannie Mae-No Politics (FNMA)

[big-yank]

You conclude incorrectly, as usual. FHFA is not a defendant in Edwards. And YOU are the one that claims they are furious, despite their issuing no such statement that so states. Almost every auditing agreement contains covenants of confidentiality that are not dissimilar to attorney/client privilege in legal matters. FMCC paid a lot of $$$ for its auditing to be performed by PWC. If Edwards clients who sought inside information pertaining to FMCC were, in fact, given protected information, their conservator has every right to know if a breach of confidentiality occurred and seek appropriate remedy in response.

FMCC is one of PWC's 20 largest clients. As the paying client of PWC, they have every legal right to know what arrangement is being made involving THEIR private information. Unless, of course, the info is so useful as to warrant all auditing fees for the period 2008 to 2016 being refunded by PWC. Maybe the Edwards plaintiffs would like to chip in and fund that approximately $300 M tab?

JMHO.