Improper Accounting for Fannie Mae, Freddie Mac


by The Heritage Foundation on Mar 28, 2014 | Views: 241 | Score: 0
Sources: cbo.gov, cbo.gov
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The Heritage Foundation
The Heritage Foundation on Mar 28, 2014 11:05 AM said:

Due to improper accounting measures applied to GSEs Fannie Mae and Freddie Mac, total federal spending in FY 2013 was underreported by $102 billion. Projections for FY 2014 would bring the underreported two-year total to $187 billion.