Fannie Mae-No Politics (FNMA)

[big-yank]

If that is some crass reference to Edwards vs. PWC... who knows, really... I seem to recall FMCC paying their auditor something like $300 M over time to perform the auditing function. PWC was challenged and SUED for not performing their work legally and properly.

As the party that paid for PWC's work, FMCC not only has a contractual right but, ore important, fiduciary responsibility to ascertain what happened in case future action is required to prevent another problem from taking place.

How anyone could determine this as "the wheels are coming off" is very perplexing.

JMHO.