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Fannie & Freddie make an accounting change: $4.4 Trillion Worth of IOU's

07-09-2010 • ZeroHedge.com

The Federal Reserve has reclassified $4.4 trillion of IOU’s. They have taken them out of the category “Mortgage Pools and Trusts” and put them on the individual Agency’s balance sheet(s).

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Fannie & Freddie make an accounting change: $4.4 Trillion Worth of IOU's

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