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KPMG sued for bad numbers on Fannie Mae

By Thespian     Dec 15, 2006 in Business
"Troubled US mortgage finance company Fannie Mae is suing former auditor KPMG for $2 billion."
Fannie Mae, one of the largest mortgage finance companies, is in trouble to the tune of 6.3 _billion_ dollars in accounting problems. So, what do they do? Sue their auditors, KPMG, for 2 billion. This will be an interesting case to wacth shake out.
More about Kpmg, Fannie mae