Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Lawsuits Mount Against Freddie Mac

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
 
sujan Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-08-03 03:13 PM
Original message
Lawsuits Mount Against Freddie Mac
NEW YORK (Reuters) - Two states and a labor union pension fund are suing U.S. home finance company Freddie Mac to recover lost funds, accusing the company of misleading investors.


Freddie Mac, the second-largest buyer of U.S. home mortgages, in June ousted top management and announced federal probes into accounting problems uncovered during an earnings restatement. The company recently admitted it massaged earnings from 2000 through 2002 to smooth results.

http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=1&u=/nm/20030808/bs_nm/financial_freddiemac_dc
Printer Friendly | Permalink |  | Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC