A Basic History of Fannie Mae

Mises.org has a history of Fannie Mae:

On May 2, 2007, Fannie Mae filed its latest form 10-K with the SEC. One would assume that this 10-K contained Fannie Mae's 12/31/06 audited financial statement. With Fannie Mae's internal accounting nightmare, it turns out that this 10-K contains audited financial information as of 12/31/05. Management hopes to have the 12/31/06 audited financial statement available by next quarter. Since you have a PhD in economics, you must be cognizant of the fact that security analysis begins with examining a publicly held company's fiscal year-end audited financial statement. Does it not strike you as odd that of the 16 Wall Street brokerage houses tracking this security, 9 had "buy" recommendations, 5 were "neutral" and 2 had "sell" recommendations? Considering that the investment community has waited a couple of years to receive any kind of credible financial information, and that the 2006 audited financial statement is still not available, doesn't it seem a bit unethical for any brokerage house (including Bank of America and Morgan Stanley) to recommend buying the stock of a company for which only stale audited financial data exists?

Fannie Mae may be the most successful fascist entity in American history.