Fannie Retains Former Whitewater Prosecutor

Fannie Mae, which is being audited by its regulator for its accounting practices, has retained the legal services of former Whitewater prosecutor Kenneth Starr and his law firm.A Fannie Mae spokeswoman confirmed that the mortgage giant has retained Mr. Starr and his firm, Kirkland & Ellis. The news was first reported by Dow Jones. The Fannie Mae spokeswoman said she does not know specifically what kind of work Mr. Starr has done regarding Fannie Mae, but said the former prosecutor "has done some consulting working" for the company. The audit by the Office of Federal Housing Enterprise Oversight regarding Fannie's accounting practices is barely under way, and no one, to date, has suggested any wrongdoing by the firm. Fannie Mae can be found online at http://www.fanniemae.com.