Gov't Won't Prosecute Fannie Mae Over Accounting Problems

The AP reports:

Fannie Mae (FNM), the government-sponsored mortgage lending giant, won't face criminal charges over its multibillion-dollar accounting irregularities, the U.S. attorney's office said Thursday after two years of investigation.

"We have informed them that we are declining all charges against the company," said Channing Phillips, spokesman for U.S. attorney Kenneth Wainstein.

With all the money involved it's hard to image how a criminal probe of Fannie didn't pan out.Here's a good example of a company making campaign contributions to both sides of the isle,thus immune from prosecution.This is sickening.Too big to prosecute.