Fannie Mae
Members of the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises heard testimony and … read more
Members of the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises heard testimony and questioned the Securities and Exchange Commission’s chief accountant regarding his recent decision that Fannie Mae violated accounting rules. The SEC opinion followed a special examination by the Office of Federal Housing Enterprise Oversight and led to management changes. The opinion included a recommendation for an earnings restatement, which has been estimated at $9 billion by Fannie Mae. close
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