Obama Administration Using Accounting Gimmicks That Would Make Enron ‘Blush,’ Says Republican Lawmaker

Fannie Mae headquarters in Washington, D.C.(CNSNews.com) - Rep. Jeb Hensarling (R-Texas) says the Obama administration is using an accounting “gimmick” in its budget by not including the debt owed by mortgage firms Fannie Mae and Freddie Mac. “The accounting gimmicks that are used today would make an Enron and WorldCom accountant blush,” Hensarling told reporters. [...] continue reading the breaking news