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Home » Store » Taxable » Rudman Report on Fannie’s Problems Expected in Early 2006; Some See Timing Issues Tied to Legislative Process

Rudman Report on Fannie’s Problems Expected in Early 2006; Some See Timing Issues Tied to Legislative Process

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Freddie Mac uncovered extensive accounting problems in February, 2003, and was able to remove three top executives and complete a full internal investigation within six months. More than a year after Fannie Mae’s accounting issues were discovered, however, observers are still waiting for the government-sponsored enterprise’s internal report – and some believe there are ulterior motives are behind the delay. “There are definitely some political concerns there,” said Bert Ely, an…
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