He developed unique accounting standards at Fannie Mae that made him anything but a fan of the US Government and us citizens currently. He worked for Nixon and Carter so he had some real unique training and mentors to say the least. The AICPA still has not issued any of his accounting practices as acceptable nor has generally accepted accounting principles ever issued any guidelines in this uniquely fraudulent practices of book entires that benefited him and disguised the transfers as not being into his bank accounts.
