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Fannie Mae

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Sure, it’s still living off a lifeline from the federal government. But that hasn’t stopped Fannie from leaping into the top 5 this year, up from no. 81. It’s mostly new accounting rules, though, that have pushed Fannie so high on the 500.Indeed, Fannie’s troubles are far from over. In April, the SEC began investigating statements then-CEO Daniel Mudd made in 2007 to Congress that may have misrepresented Fannie’s health. And FNMA stock has done so poorly that the New York Stock Exchange delisted it last June. —Shelley Dubois, reporter

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Corporatism meets Democracy; Wall Street meets Main Street.

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