Fannie Mae-No Politics (FNMA)

[big-yank]

1. Doing a sloppy job as auditor is NOT fraud. I doubt even sloppiness was evident; these are two fine houses with excellent global reputations.

2. The company, not their auditors, has a public duty to put forth accurate numbers.

3. FHFA was never in charge of accounting at GSEs. Day-to-day activities were company responsibilities.

4. Almost every public institution had real estate and other assets involving exotic financial instruments marked down to market during the crisis.

There are NO charges alleging criminal fraud pending against any party that played any role in the GSEs during the conservatorship phase, or even the Amendment 3 phase that began in 2012, of which I am aware. You keep reintroducing the term "fraud" so please educate us on where those charges have been filed and against whom they were filed.