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Home » Store » Taxable » Freddie Fights Class-Action Lawsuit in Federal Court

Freddie Fights Class-Action Lawsuit in Federal Court

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The special investigation into Fannie Mae’s accounting troubles might be grabbing the biggest headlines, but Freddie Mac still faces legal probes regarding its own internal problems. The smaller GSE was the first to reveal extensive errors in the way it accounted for derivatives in the summer of 2003. Freddie completed its restatement in November of that year, but the GSE is still involved in a fraud investigation conducted by the Securities and Exchange Commission. A…
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