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Home » Store » Taxable » SEC Says It Will Take Some Time to Sift Through Accounting Issues Raised in Fannie Mae Probe

SEC Says It Will Take Some Time to Sift Through Accounting Issues Raised in Fannie Mae Probe

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Officials with the Securities and Exchange Commission were quick this week to back off from comments about their investigation of Fannie Mae that appeared to differ from statements made by the Office of Federal Housing Enterprise Oversight. During an interview with reporters late last week, SEC Commissioner William Donaldson said that the allegations of accounting abuses at Fannie are “not black and white,” and that the complicated probe would take several months to complete. The…
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