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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (152430)	2/20/2002 2:44:35 PM
From: ild	Read Replies (1) \| Respond to of 436258

13:18 ET Fannie Mae calls WSJ editorial egregious (FNM) 75.93 -2.52: -- Update -- Co calls WSJ editorial egregious in its disregard for the facts. Among the "errors, misstatements, and distortions" FNM specifically refutes include 1) size of debt is overstated by more than $1 trillion, 2) leverage is overstated by a factor of 100%, 3) statement that it has cut back on use of credit insurance is incorrect, 4) claim about write-down of shareholder equity is a gross mischaracterization of a well-known effect of implementing the new FAS 133 accounting standard