Grand Jury Subpoenas Frannie, Freddie

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In the turmoil over the Socialist Reverse-Redistribution Act of 2008, you might have missed the news that a federal grand jury has subpoenaed Fannie Mae and Freddie Mac.

The subpoena seeks documents relating to accounting, disclosure and corporate governance matters dating back to January 2007, Freddie Mac said in a statement.

They should go back to 2000.