Fannie’s Big Bath
Last time, in eposode XIX, we at Doom were struggling to sort the key stories from the mass of information we were receiving about Fannie Mae. The flood has continued unabated, in fact the intensity seems to have increased since that December 14th post. Doom covered what looked like a climax on Thursday with this DoomWatch that noted the long awaited suing of Fannie’s former scandal era CEO, CFO, and controller by OFHEO. Still, something wasn’t right. We were all missing somthing obvious. And then finally it hit us: "The Lighthouse is the Rocket!" The big Fannie story is — the stories.
