Jens 'n' Frens
Idle thoughts of a relatively libertarian Republican in Cambridge, MA, and whomever he invites. Mostly political.
"A strong conviction that something must be done is the parent of many bad measures." -- Daniel Webster
Friday, July 25, 2003 :::
Here's something you don't see every day, one hopes.
WASHINGTON, July 22 (Reuters) - A U.S. lawmaker on Tuesday subjected the chief financial officer of Freddie Mac (NYSE:FRE - News) to a withering parody of the mortgage finance company's results restatement set to the jazz standard "Mac the Knife".
"When those earnings rise on your balance sheet and you want them out of sight, just do a swaps deal, says old Mac's execs and defer them with all your might," crooned [Congressman Ed] Markey (D-MA) to Freddie Mac CFO Martin Baumann.
