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If a company such as Fannie Mae has accounting errors it can have a huge impact on financial markets because it buys billions of dollars

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If a company such as Fannie Mae has accounting errors it can have a huge impact on financial markets because it buys billions of dollars worth of mortgages every year and its financial strength determines the market for the derivative securities it issues. Fannie Mae insures bank deposits. Fannie Mae is a division of the U.S. government. commercial banks rely upon Fannie Mae for short-term funding gaps

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