financial reality

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  • InLibrisLibertas
    Location : Mill Valley, California, United States

    I'm an independent investor. I make my living from the returns on my investments. I work at home, in the northern part of the San Francisco Bay area, or on my boat which I keep in the British Virgin Islands. I spent most of my career as an executive in high-tech, although I also spent time in banking. Down to one kid in university now!

The Perp Walk?

September 30th, 2004 by InLibrisLibertas

The Department of Justice today announced that it was investigating Fannie Mae, on the basis of the OFHEO findings, specifically that earnings had been manipulated to benefit executive bonuses.

It appears that a previous investigation of Freddie Mac will not result in indictments. Probably the same will happen this time, Mr. Potato Head is a card-carrying member of the Washington elite and therefore immune from prosecution. But one can dream.

Posted in Government, Real Estate, Rogues and Rascals |

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