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OT: Saturn hits Fannie Mae

Saturn Hits Fannie Mae

Last week a federal oversight committee issued a 211-page report on the accounting misdeeds of Fannie Mae, the nation's fourth largest company by assets and the largest financing source for home mortgages. Fannie Mae's CEO Franklin Raines was grilled at the House Subcommittee on Capital Markets, and subsequent media reports described the current situation as an Enron scandal in the making.

Fannie Mae was privatized on August 1, 1968 (noon, Washington D.C.), and this horoscope describes the company's national prominence and current woes. The Moon at eight degrees Scorpio is exactly conjunct the U.S. Ascendant, and reflects the consumer-oriented policies. Pluto, often associated with financial clout, is conjunct the U.S. Neptune, where it fulfills the company slogan of its"Commitment to The American Dream" of home ownership.

Mars in home-oriented Cancer is located in the Tenth House of business. Mars has some favorable aspects, but also squares Saturn, and this connection is driven to rise as fast as possible to a powerful, influential position. Since Venus, the ruler of the chart, squares deceptive Neptune in the company's Second House of financial assets, fraudulent accounting practices becomes a natural. At the moment, progressed Mars is heading into, and activating this Venus-Neptune square.

On November 8, transiting Saturn turns retrograde while forming an exact conjunction with Fannie Mae's Mars. The preciseness of this link promises major trouble for the mortgage company. Since transiting Saturn also hits the U.S. Pluto, the fallout will likely have widespread, national repercussions. One possible scenario: the end of the real estate bubble.

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