Fannie and Freddie – They’re No Angels

Hat tip to the Daily Caveat for spotting this compendium of articles by the Wall Street Journal about Fannie Mae and Freddie Mac and all of their past sins.

Let’s not forget:
These two are incorrigible, they’ve had many auditors helping them and they know trouble like it was their middle name.
A joke from one of the articles:

“What’s the difference between Enron and Fannie Mae?
Answer: The guys at Enron have been convicted.”