A few clients of each of the four restated their accounts.
Their regulator, the Office of Federal Housing Enterprise Oversight, says its powers were weakened during its creation in 1992: for example, its budget must be approved annually by Congress and thus depends on political goodwill.Accounting scandals in 2003-04 (two two firms restated earnings by a total of $11.3 billion) led to a change of management, and, supporters argue, of culture.
All three companies have engaged in complicated two-way deals with one another, and all three have restated their past results.
The players issued swift apologies, but City, owned by the Thai billionaire Vichai Srivaddhanaprabha and his son Aiyawatt, sacked the three and restated their commitment to "promoting a positive message of community and family values and equality".
At the high-level Consultation on Polio Eradication held in Geneva on 28 February, representatives of the four countries restated their strong commitment to raising the level of vaccination coverage and child immunity in order to stop transmission of the disease.
Things that only need to be said once are frequently restated two or three times, and after a while you want to shout: "We get it!
The banking crisis, caused by Cyprus' close economic ties to Greece, deepened Monday after the country's two largest banks restated 2011 earnings, adding hundred of millions of euros in losses.
Two days later, it restated its restatement and said it would also post new numbers for 2000 and 2001.
Ready to Re-Evaluate Pringles Deal | The comments come after Diamond Foods announces it has ousted its top two executives and will restate two years of financial earnings amid questionable accounting practices.
It said that as of the end of September, net assets were ¥46 billion, down from a restated ¥225 billion in March 2007.
In 2002, the company, then called AOL Time Warner Inc., restated two years of results and cut revenue by $190 million.
