Well, Sarbanes-Oxley supporters can take heart, because Denny McClain's glacial change-up of 1968 has morphed into a report from the Office of Federal Housing Enterprise Oversight on troubled mortgage securities concern Freddie Mac. Freddie Mac, which seemingly has been plagued by accounting problems since Joseph took out a mortgage on a small shelter in Bethlehem, has been ordered to pay some $125 million in penalties and take corrective actions as part of a consent decree to settle charges of management misconduct. The OFHEO, which oversees Freddie Mac and its larger mortgage rival Fannie Mae, charges that the buyer of home mortgages engaged in "a pattern of inappropriate conduct and improper management of earnings." Freddie Mac's conduct, the agency charged, led to the company understating its revenues by $5 billion. The penalty, by the way, was the largest civil fine ever levied by what is known as a safety and soundness regulator.