More Fannie Trouble

Fannie Mae, FNMA, the nation's largest buyer of home mortgages, said on Wednesday that its primary regulator had discovered a host of new potential accounting violations at the company that had raised a fresh set of "safety and soundness concerns."

Fannie Mae's stock continued its slide. The shares fell 64 cents, to close at $57.16, their lowest level in more than four years and about 30 percent below their high of $80.82 last year.

I still think theres a nice downside to this stock, puts anyone??

See: A Real Fannie Spanking
http://naybob.blogspot.com/2004/09/real-fannie-spanking.html
See: Fannie in Big Trouble
http://naybob.blogspot.com/2004/09/fannie-fnma-in-big-trouble.html