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» Freddie Acknowledges Seriousness of Accounting Problems, Says Restatement Could Reach $4.5b
Freddie Acknowledges Seriousness of Accounting Problems, Says Restatement Could Reach $4.5b
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In a blunt acknowledgement of just how deep its accounting problems run, Freddie Mac announced this week that an ongoing financial restatement of the past three years may raise its retained earnings by as much as $4.5 billion.