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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (66769)	5/23/2006 12:26:57 AM
From: Father Terrence	Read Replies (1) \| Respond to of 173976

Americans are in the pockets of "big oil" gushers. . . except for you. . . you're a little drip. :)

To: American Spirit who wrote (66769)	5/23/2006 12:49:19 AM
From: Hope Praytochange	Read Replies (1) \| Respond to of 173976

It also found that Mr. Raines who had served as a top official in the Clinton administration, "contributed to a culture that improperly stressed stable earnings growth." The report also concluded that employees who held vital accounting and financial reporting jobs were "either unqualified for their positions, did not understand their roles, or failed to carry out their roles properly." And it found that management repeatedly presented directors with information that "generally was incomplete and, at times, misleading." Based upon its findings of its 27-month investigation, Fannie Mae's regulator could call for more aggressive regulation as well as for the company's former executives to return bonuses. The Justice Department has been conducting a separate investigation .A Fannie Mae Settlement Is Reported By ERIC DASH and STEPHEN LABATON Published: May 23, 2006 Fannie Mae, the giant mortgage buyer, is expected to pay more than $400 million today as part of a settlement to resolve claims that executives manipulated earnings in the 1990's so they could receive bigger bonuses, two people briefed on the situation said yesterday.