Mortgage Giant Overstated the Size of Its Capital Base »
Posted By engineer 10 months ago in Business & FinanceThe government' s planned takeover of Fannie Mae and Freddie Mac , expected to be announced on Sunday, came together after advisers poring over the companies' books for the Treasury Department concluded that Freddie' s accounting methods had overstated its capital cushion, according to regulatory officials briefed on the matter.
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