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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 (26150)	2/9/2005 2:25:27 PM
From: ild	Read Replies (1) \| Respond to of 110194

Fannie Mae earns restatement could take a year-SEC Wed Feb 9, 2005 11:28 AM ET WASHINGTON, Feb 9 (Reuters) - A top government accountant said on Wednesday it could take a year for troubled mortgage funder Fannie Mae (FNM.N: Quote, Profile, Research) to restate financial results after a probe uncovered pervasive accounting flaws. "While I can't put a precise time period on it, I would imagine we're talking a number of months, perhaps a year. I would hope it's not years that we're talking about," U.S. Securities and Exchange Commission Chief Accountant Donald Nicolaisen said in response to questions at a House of Representatives Financial Services panel hearing.