Trouble at home

摘要

After so many tales of scandal and sharp practice in corporate America, June 9th brought the familiar signs of yet another. The top three executives of Freddie Mac, a quasi-public, quasi-governmental company that underwrites 15-20% of America's mortgage market, departed abruptly. The stated cause was problems revealed by an audit begun a year ago, after Freddie Mac was forced to hire a new accountant to replace Andersen, the firm destroyed by its shoddy work for Enron and others.