freddie mac gets more time on accounting woes

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    Mortgage giant Freddie Mac (FRE) on Thursday extended to November its self-imposed deadline for untangling its accounting mess. The company also said earnings understatements for the last three years could exceed its previous estimate of $4.5 billion.

    http://story.news.yahoo.com/news?tmpl=story&u=/usatoday/20030926/bs_usatoday/11870865
 
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