When home mortgage giant Freddie Mac announced last month that the Justice Department’s three-year probe into its accounting practices would not result in criminal charges, company spokespersons had to tread carefully while delivering the good news.
“It is Freddie Mac’s understanding that it is the practice of the U.S. attorney’s office for the Eastern District of Virginia neither to issue official notices nor to confirm publicly the conclusion of an investigation,” company spokesman Doug Duvall diplomatically told reporters.
