Lawyer Leaves Sinking Ship

Another twist in the Fannie Mae saga came this afternoon with the resignation of a key lawyer. "Embattled mortgage giant Fannie Mae said on Friday that Executive Vice President of Law and Policy Tom Donilon resigned to return to law firm O'Melveny Myers LLP. Donilan had been in the position since 2000."

Maybe we are going to actually get some indictments after all, as we were led to believe.