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IPFS News Link • Economy - Economics USA

Fannie Mae erases $6.3 billion in profit

12-6-2006 • AP

Fannie Mae erased $6.3 billion in profit in a long-awaited restatement capping the accounting scandal that stunned financial markets and brought the ouster of top executives and a record fine against the government-sponsored mortgage leader.

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Reported By Powell Gammill

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