Management of Fannie Mae

Oct 6, 2004

House Committee Financial Services House Committee Financial Services | Capital Markets, Insurance, and Government Sponsored Enterprises

Witnesses testified before the committee about accounting irregularities at Fannie Mae. Representatives from the mortgage company asserted that the irregularities are attributable to a good-faith effort to apply "complex and ambiguous" accounting rules. Others have maintained that the irregularities are "a willful misrepresentation." Witnesses .. Read More

Witnesses testified before the committee about accounting irregularities at Fannie Mae. Representatives from the mortgage company asserted that the irregularities are attributable to a good-faith effort to apply "complex and ambiguous" accounting rules. Others have maintained that the irregularities are "a willful misrepresentation." Witnesses also responded to questions from members of the committee.

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