Who Told Fannie Mae That When It Came to Compliance

question 65

Multiple Choice

Who told Fannie Mae that when it came to compliance with accounting rules, "You weren't even on the page"?

• A) Its external auditor, Deloitte Touche
• B) The OFHEO
• C)   Both a and b
• D) Fannie Mae did not have trouble with its accounting; it was a victim of the subprime lending market collapse

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Definitions:

Seminoles

A Native American people originally of Florida, known for their resistance against the United States in the early 19th century, resulting in the Seminole Wars.

Second Seminole War

A conflict from 1835 to 1842 in Florida between the United States and the Seminole Native Americans, marking the longest and most costly of the Indian Wars in U.S. history.

Plains Indians

Native American tribes who inhabited the Great Plains of North America, known for their nomadic lifestyle and reliance on buffalo hunting.

Permanent Residences

Dwellings where individuals live on a long-term basis, as opposed to temporary or vacation homes.