GSE accounting: Clear to you ain’t clear to me
According to the SEC, the accounting requirements that Fannie Mae violated are no puzzle at all, but rather:
“clear” and “not overly complex,” the chief accountant of the Securities and Exchange Commission told a House subcommittee yesterday.
Donald T. Nicolaisen, who in December directed Fannie Mae to correct its financial statements back to 2001, said, “I […]
