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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (19161)9/29/2004 11:04:09 AM
From: ild  Read Replies (2) of 110194
 
WASHINGTON (Dow Jones)--Whistleblower Roger Barnes, a former manager in Fannie Mae's (FNM) controller's office, has agreed to testify at an Oct. 6 House
hearing on Fannie Mae's accounting problems, a spokeswoman for the House
Financial Services Committee said Tuesday.

Barnes is "a critical figure in the issues surrounding accounting and management problems at Fannie Mae," said panel spokeswoman Peggy Peterson. "The
members appreciate his willingness to testify and very much look forward to
hearing his story."

The hearing, to be held by the Financial Service Committee's Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, will center on
the recent report on Fannie Mae's accounting by the company's regulator, the
Office of Federal Housing Enterprise Oversight.

According to the OFHEO report, Barnes, who left Fannie Mae in November 2003, raised concerns last year about certain accounting practices that were faulted
in the report.
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