Fannie Tells Employees to Keep Mum

Fannie Mae has told its employees to keep quiet about the Freddie Mac accounting scandal and not to discuss it with anyone outside the company.It has also requested that its employees not send out any e-mail about what has occurred at Freddie Mac. "We've told them not to speculate or discuss the issues," a spokeswoman for the company said, adding: "We don't know what's going on, and we want to be very careful -- for legal reasons." On June 9 Freddie Mac fired its president, David Glenn, when it was revealed that he altered diaries regarding the firm's reaudit. As part of the same move, the company announced the retirement of its long-time chairman and chief executive officer, Leland Brendsel, and the resignation of executive vice president Vaughn Clarke. Fannie Mae can be found online at http://www.fanniemae.com.