{"id":198360,"date":"2007-11-14T22:52:00","date_gmt":"2007-11-15T03:52:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/11\/14\/fannie-mae-changing-accounting-practices-to-conceal-losses\/"},"modified":"2007-11-14T22:52:00","modified_gmt":"2007-11-15T03:52:00","slug":"fannie-mae-changing-accounting-practices-to-conceal-losses","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/11\/14\/fannie-mae-changing-accounting-practices-to-conceal-losses\/","title":{"rendered":"Fannie Mae Changing Accounting Practices to Conceal Losses"},"content":{"rendered":"<p><a href=\"http:\/\/money.cnn.com\/2007\/11\/14\/news\/companies\/fannie_mae.fortune\/index.htm?postversion=2007111413\">Fannie Mae has changed the way it computes credit loss ratio<\/a>, a measure of the quality of its loans.<\/p>\n<p>Bigger numbers are bad, and under the new scheme, the number is 4 basis points, but under the old scheme, it would have been 7\u00bd basis points.<\/p>\n<p>I believe that Fannie is the 2<sup>nd<\/sup> biggest issuer of debt in the world, and the fact that the quality of their loan portfolio is almost twice as bad as their numbers suggest is scary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fannie Mae has changed the way it computes credit loss ratio, a measure of the quality of its loans. Bigger numbers are bad, and under the new scheme, the number is 4 basis points, but under the old scheme, it would have been 7\u00bd basis points. I believe that Fannie is the 2nd biggest issuer &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,970,973,1265,1088,985],"tags":[],"class_list":["post-198360","post","type-post","status-publish","format-standard","hentry","category-bubble","category-corruption","category-economy","category-housing-crash","category-real-estate","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198360"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=198360"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198360\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=198360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=198360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=198360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}