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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (63624)6/14/2006 1:53:13 AM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
Ohio Is First State To Sue Fannie Mae
mortgagenewsdaily.com
But probably not the last.

Ohio Attorney General Jim Petro (R) brought suit against Fannie Mae on Friday in the latest of several legal actions against the nation's largest secondary market lender.

The class-action lawsuit was filed on behalf of the Ohio's public pension funds and other Fannie Mae stockholders and charged that Fannie Mae Corporation and its top executives “manipulated earnings in a fraudulent scheme to deceive investors about (its) true financial state.”