No Charges in Freddie Mac Probe

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Sep18

September 18, 2006

Know More: Current News 2.0, Current News

Okay, I can see I am a little behind the ball on this one. That would be because I have gotten focused on marketing the mortgage business. I see where last week they say that there are no charges in the Freddie Mac Probe. I remember when it first came out that there was a problem with the accounting practices. Doesn't mistating earnings by $5 billion count for something. I would like to think that whomever was handling their accounting no longer works there. If this happened to someone else more than likely they would have been held accountable. What can you do when the government is not even held accountable? Nothing? Just keep watching what they do from this stage. I must admit since I missed this information last week, I imagine they will just continue with business as usual.

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