Fannie Mae-No Politics (FNMA)

[mrfence]

Excellent piece of responsible journalism focused on information pertinent to investors. I've book marked it. Thanks so much for sharing. http://investingchannel.com/article/261609/Lawler-The-Washington-Post-and-Reuters-get-it-wrong-again-on-the-GSEs

Both the headline and the first sentence are extremely misleading (and just plain wrong!), and reflect the shockingly distorted and one-sided reporting on the GSEs by many news services, and especially by the Washington Post.

Last year, after eight years of litigation, a judged dismissed Fannie’s former CEO, CFO, and Controller from a class-action “securities fraud” lawsuit, with the judge ruling that there was no evidence that any had “committed fraud” or knowingly misled shareholders. While not “front page news,” this story was covered by most “national” newspapers and national news services. Yet even though Fannie is a major employer in the Washington Post’s home market, the Post did not report on a story exonerating these former Fannie officials after eight years of hell. Why? The Washington Post editorial staff “doesn’t like” Fannie and Freddie. That is not journalism.