Questionable Accounting at Fannie and Freddie?

Questionable Accounting at Fannie and Freddie? Play

Aug. 19 (Bloomberg) –- Fannie Mae and Freddie Mac, which have reported record profits after a taxpayer bailout, are ignoring billions of dollars in potential losses on overdue loans as they take three years to adopt a new accounting system, a government auditor said in a letter made public today. Bloomberg’s Peter Cook reports on Bloomberg Television’s "Bottom Line." (Source: Bloomberg)

  • On Air Now

    Bloomberg Bottom Line Watch Now

  • Next

    Street Smart with Trish Regan

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus