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FHFA Reponds to Reports of $3B Loss Related to LIBOR
Following reports yesterday that Fannie Mae and Freddie Mac may have lost over $3 billion in the LIBOR scandal, FHFA issued the following statement:
“FHFA has not substantiated any particular LIBOR-related losses for Fannie Mae and Freddie Mac. We continue to evaluate issues associated with LIBOR and monitor LIBOR-related developments, recognizing that other Federal agencies are also involved in related matters. FHFA has not made any determination regarding legal action.”
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Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.
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