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Home » Store » News » Critics Ask Why Freddie’s Accounting Problems Persisted; Baker Questions Credit Derivatives

Critics Ask Why Freddie’s Accounting Problems Persisted; Baker Questions Credit Derivatives

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Freddie Mac has been working on the reaudit of three years of financial statements for six months, but the public autopsy of the company’s accounting practices will likely last a good deal longer than that. In the wake of Freddie Mac’s detailed update on its reaudit released last week, observers are asking how the government-sponsored enterprise made what some say were basic errors in
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