Oh, I can't deny that there were... poorly guided decisions (can't speak to advantages, since to be honest, I'm not sure off-hand what they enjoyed other than the already-implied backing). But I also don't think they would've perfectly weathered this storm had they been healthier- they would've just lasted longer is all.

Freddie had a similar restatement issue- spreading a period of high growth over a span of time to appear stable. I was overseas when that came to light, so I wasn't around for part of it.