Fannie Mae-No Politics (FNMA)

[big-yank]

Ridiculous, Glen. Really.

"Florida is a sunshine state." Yes, I know this. I live in Florida. The Sunshine Law has to do with state and local government agencies conducting meetings and open sessions viewable by ordinary citizens. It has no relevance to Federal agencies or private business including FHFA, FNMA, FMCC, Deloitte or PWC.

Freddie Mac is the customer that paid PWC for the auditing. The Edwards litigation solely concerns the auditing done for Freddie Mac, and they are entitled to know what was divulged. This maybe an issue to be raised in a different court under contract or other law. Time will tell. "The Mounties always get their man."

All auditors have a responsibility for the accuracy of the information they sign off on as meeting generally accepted accounting standards. They have similar contractual responsibility for similar standards in informing clients of any discrepancies or deficiencies uncovered during the auditing process, and must issue a qualified opinion in the 10-K if problems are uncorrected after being reported.

Your comments go beyond the norm of misleading or ambiguous and have moved over into the patently false category.

JMHO.