“Investigators from the Securities and Exchange Commission and Justice Department have been questioning officials of Freddie Mac about possible accounting violations and other matters in recent months, the company disclosed in March.
Freddie disclosed in the recent SEC filing that in September it received a federal grand jury subpoena from the U.S. Attorney’s Office for the Southern District of New York seeking documents related to accounting, disclosure and corporate-governance matters. That subpoena was later withdrawn, Freddie has disclosed, and the investigation was taken over by the U.S. Attorney’s Office for the Eastern District of Virginia.”
“It was announced that there will be prosecutions earlier in the week”
And so DOJ & the WH will ‘review’ these decisions.
“Accounting violations in recent MONTHS”? Try years. Maybe during the 16 years Kellermann was practicing the Freddie/Fannie Mac “creative accounting principles”. Please, several sets of accounting books have been part of reporting for as long as I can remember: one for the shareholders, one for the IRS, and so on.