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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who started this subject	9/22/2004 8:35:09 AM
From: ldo79	Read Replies (1) of 110194

U.S. examining Fannie Mae accounting. yahoo.reuters.com U.S. examining Fannie Mae accounting, company says Wed Sep 22, 2004 08:21 AM ET WASHINGTON, Sept 22 (Reuters) - No. 1 U.S. mortgage finance company Fannie Mae (FNM.N: Quote, Profile, Research) said on Wednesday its regulator has discovered possible improper accounting practices and the Securities and Exchange Commission is conducting an informal inquiry as well. The regulator, the Office of Federal Housing Enterprise Oversight, has told the company the matters are serious and raise doubts about the validity of previously stated financial results and capital adequacy.

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