JamieGorelick http://archive2.mrc.org/taxonomy/term/18256/all en Fannie Mae, Freddie Mac: Boondoggle, Bias, Bailout & Billions http://archive2.mrc.org/commentary/fannie-mae-freddie-mac-boondoggle-bias-bailout-billions <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/dan-gainor">Dan Gainor</a> </div> </div> </div>      Six years.<br /> <br />     That’s how long it took for the Fannie Mae/Freddie Mac crisis to grow from warning sign to $25-billion bailout. <br /> <br />     In most cases, six years is ample warning. We won WWII in less time. But when The Wall Street Journal compared Fannie Mae to Enron in February, 2002, no one wanted to listen. Most of Washington had their hands too deep in the Fannie Mae/Freddie Mac piggy banks to work on the problem. And though other print outlets followed the Journal, the network news shows waited until a bailout was a foregone conclusion to do much reporting.<p><a href="http://archive2.mrc.org/commentary/fannie-mae-freddie-mac-boondoggle-bias-bailout-billions" target="_blank">read more</a></p> Commentary MRC Business accountingscandal AlanGreenspan Enron FannieMae FranklinRaines FreddieMac JamieGorelick PaulGigot PaulKrugman TheWallStreetJournal WashingtonPost Wed, 06 Aug 2008 20:24:08 +0000 admin 29716 at http://archive2.mrc.org