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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (19161)	9/28/2004 9:18:33 PM
From: ild	Read Replies (2) \| Respond to of 110194

Investment Outlook Bill Gross \| October 2004 Haute Con Job pimco.com

To: ild who wrote (19161)	9/29/2004 11:04:09 AM
From: ild	Read Replies (2) \| Respond to 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.