This article discusses the probe into Freddie Mac for their recent accounting scandal. The investigators are "examining whether Wall Street firms aided the U.S. mortgage finance company’s misdeeds by arranging deals that allowed Freddie to hide big gains and smooth out its earnings...". In addition, "An independent report this summer said Freddie Mac’s senior management ignored accounting rules to push earnings into the future to make it easier to meet profit targets. "

Interesting that corporate fraud is still going strong.