fannie mae 9 billion loss

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    Sugested on hotcop around jan/feb finally acknowledged so it seems. Maybe it's put time.

    Report: Fannie Mae warns of possible $9 billion loss
    Posted Nov 16, 2004 07:27 AM PST
    Category: ECONOMY
    The Wall Street Journal reports the mortgage giant is warning that it'll have to post an after-tax loss of $9 billion if the Securities and Exchange Commission finds the company has been accounting improperly for derivatives.
    The derivatives are going to bite a lot of people.
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