Fannie Mae: Earnings Overstated by $10.8B

Vadum, Matthew
November 2005
Bond Buyer;11/14/2005, Vol. 354 Issue 32258, p40
Trade Publication
Reports on the disclosure of Fannie Mae that it previously overstated earnings from previous years and blamed the mistake on internal accounting errors in the U.S. Plan of the business to delay the filing of its third-quarter statement due to its error in applying accounting rules for derivatives; Move of several legislators to impose new restrictions on the business.


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