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Home » Store » News » Derivatives Come Under Scrutiny on Capitol Hill, Casting Shadow Over OFHEO Nominee

Derivatives Come Under Scrutiny on Capitol Hill, Casting Shadow Over OFHEO Nominee

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Congress appears to be moving toward bolstering the regulatory expertise involved in overseeing derivative transactions at Fannie Mae and Freddie Mac, and might consider tweaking the accounting rules themselves to make these complex deals more transparent. Derivatives have been the subject of intense scrutiny since Freddie Mac announced June 7 that its top three executives had been expelled due to accounting errors that
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