Freddie Mac Scandal?

11 June 2003 - 7:00am

Home mortgage giant Freddie Mac fires its president and replaces two senior executives amid accounting review irregularities.

"The Wall Street Journal reported that regulators will look at whether Freddie Mac may have deferred some income to smooth out results in future periods. The paper also said the SEC would probe whether its chief executive and chief financial officer may have violated the law by certifying financial statements, if such statements are deemed inaccurate... Separately, the mortgage financier faces an investigation by the Office of Federal Housing Enterprise Oversight, and two members of Congress called for hearings on Freddie Mac's restatement problems."

Source: Reuters, June 10, 2003
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The following list shows the top 10 metropolitan statistical areas, as defined by the U.S. Office of Management and Budget, where commuting by public transportation has grown the most. None of them are among the nation's top 10 most populous metro areas, and yet seven are within the top 20.