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Home » Store » News » Accounting Error Snags Fannie Mae, but Investors and Analysts See No Big Impact

Accounting Error Snags Fannie Mae, but Investors and Analysts See No Big Impact

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A sudden sell-off of Fannie Mae stock was sparked Wednesday by the premature – and unauthorized – announcement that the firm was revising its earnings statement for the third quarter, company officials said. Fannie’s stock dropped sharply as news circulated that the giant government-sponsored enterprise had rescinded a financial statement originally released Oct. 16. But prices were buoyed later in the day
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