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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject	9/30/2003 11:31:35 AM
From: Teri Garner	Read Replies (1) of 436258

SEC investigating Freddie Mac for possible fraud (Reuters 09/30 08:28:08) WASHINGTON, Sept 30 (Reuters) - Securities and Exchange Commission Chairman William Donaldson said on Tuesday that the commission is examining possible evidence of fraud at mortgage finance company Freddie Mac <FRE.N>. Donaldson told the Senate Banking Committee that the SEC is not Freddie Mac's regulator but that it is the commission's job to investigate fraud. "If there is evidence of fraud ... we would have a role there," he said in response to lawmakers' questions. "We are looking at that right now," he added. Freddie Mac rattled markets in June when it replaced its top three executives in an accounting scandal. ((Reporting by Mark Felsenthal, mark.felsenthal@reuters.com; Reuters Messaging: mark.felsenthal.reuters.com@reuters.net; +1 202 354-5806)) REUTERS S.RT FRE FIN.R MTG.R US.R AGN.R WASH.R NEWS.R CRIM.R LAW.R REGS.R DBT.R BNK.R

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