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Fannie Under Fire Over Accounting Change (AP)

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11-16-2007, 07:24 PM

Ron Burgundy Ron Burgundy is offline

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Fannie Under Fire Over Accounting Change (AP)

Fannie Mae's bookkeeping is drawing scrutiny from Wall Street -- again. Three years after a stunning accounting scandal that forced it to restate earnings by $6.3 billion, the giant government-sponsored company that buys and sells home loans is on the defensive over a change in how it calculates potential losses from the growing mortgage crisis.

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