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Message: Fannie Mae discloses Fed investigation..accounting, governance

Fannie Mae discloses Fed investigation..accou... governance

posted on Sep 29, 2008 06:13AM

AP
Fannie Mae discloses federal investigation
Monday September 29, 9:43 am ET

Federal investigation targets accounting, disclosure, corporate governance at Fannie Mae

WASHINGTON (AP) -- A federal grand jury is investigating accounting and disclosure issues at mortgage finance giant Fannie Mae.

Fannie Mae said in a Securities and Exchange Commission filing Monday that it received a subpoena Friday from the U.S. Attorney's office in Manhattan as well as a request from the SEC that the company preserve documents. Fannie Mae was taken over by the government earlier this month.

The investigation concerns "accounting, disclosure and corporate governance matters." Fannie Mae said it "intends to cooperate fully with these investigations and inquiries."





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