THE FRAUD IS EXPOSED AS USUAL, ON THE WEEKEND

Loan Giant Overstated the Size of Its Capital Base By GRETCHEN MORGENSON and CHARLES DUHIGG Published: September 6, 2008 The government’s planned takeover of Fannie Mae and Freddie Mac, expected to be announced as early as this weekend, came together hurriedly after advisers poring over the companies’ books for the Treasury Department concluded that Freddie’s accounting methods had overstated its capital cushion, according to regulatory officials briefed on the matter. FOR REST OF ARTICLE: http://www.nytimes.com/2008/09/07/business/07fannie.html?_r=1&hp&oref=slogin