Fri 2009-11-20 09:44 EST

Fannie and Freddie Fire Their Own Inspector General

Ryan Grim

There is no independent auditor overseeing the federal agency responsible for some $6 trillion in home mortgages, because the Department of Justice's Office of Legal Counsel ruled that the agency's inspector general didn't have authority to operate, according to internal memos obtained by the Huffington Post. The ruling came in response to a request from the Federal Housing Finance Agency itself -- which means that a federal agency essentially succeeded in getting rid of its own inspector general.

Fannie; Freddie Fire; Inspector generally.

Fri 2008-03-28 00:00 EDT

An inside look at a subprime lender's collapse - International Herald Tribune

An inside look at a subprime lender's collapse, by Vikas Bajaj; auditor KPMG condoned and enabled improper and imprudent practices at busted lender New Century Financial - International Herald Tribune

International Herald Tribune; looking; subprime lender's collapse.

Thu 2008-01-17 00:00 EST

naked capitalism: Banks and Auditors Get a Free Pass From Supreme Court

"If there was any pretense that this country was anything other than a plutocracy, today's Supreme Court decision should have dispelled that illusion." Stoneridge v. Scientific-Atlanta

auditors; bank; free pass; naked capitalism; Supreme Court.