Political Fallout from Freddie Mac’s Accounting Woes Spawns New Legislation, Hearings in House
June 27, 2003
The political fallout from Freddie Mac’s well-publicized accounting problems and management shakeup officially reached all the government-sponsored enterprises this week as a major congressional push to tighten the oversight of the GSEs surfaced in the form of new legislation and the first public hearing on the subject.