Mortgage Giant Overstated the Size of Its Capital Base
September 7th, 2008 by
Advisers poring over the books of Fannie Mae and Freddie Mac concluded that Freddie’s accounting methods had overstated its cushion, officials said.
Posted in Bankruptcies, Paulson, Henry M Jr, Treasury Department, Nationalization of Industry, Bernanke, Ben S, Freddie Mac|FRE|NYSE, United States Economy, Federal Reserve System, Fannie Mae|FNM|NYSE, United States Politics and Government