Audit: Fannie-Freddie Ignore Billions in Write-Offs

Audit: Fannie-Freddie Ignore Billions in Write-Offs Play

Aug. 19 (Bloomberg) -- Bloomberg chief Washington correspondent Peter Cook reports that a government auditor has found that Fannie Mae and Freddie Mac are ignoring billions of dollars in potential losses on delinquent loans as they adopt a new accounting system. He speaks on Bloomberg Television's "In The Loop."

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