Fannie Mae Records At Risk? is reporting today that a fired employee of Fannie Mae planted a vicious virus in their computer system that was intended to destroy all mortgage records.  Fortunately, somehow, the virus was found and stopped.  The employee was fired at the end of October, and the virus was scheduled to destroy all records this Saturday.

This is a very interesting story.  The employee is scheduled for arraignment Friday in U.S. District Court in Baltimore on one count of computer intrusion.   I suspect (and I may be wrong on this) that there are a lot of people who would like to see Fannie Mae’s mortgage records disappear.  Remember that many of the executives who made millions in bonuses from Fannie Mae and Freddie Mac for increasing the number of subprime mortgages during the runup to the failure are still very active and powerful in Democrat party politics.