Audit: Fannie-Freddie Ignore Billions in Write-Offs

Aug. 19 (Bloomberg) -- Bloomberg chief Washington correspondent Peter Cook reports that a government auditor has found that Fannie Mae and Freddie Mac are ignoring billions of dollars in potential losses on delinquent loans as they adopt a new accounting system. He speaks on Bloomberg Television's "In The Loop."
Worldwide Yuan Use Rises to a Record
40:18 - The yuan is gaining in use overseas. Last month, China's currency overtook the yen as the fourth most used currency for global payments. Bloomberg's Stephen Engle reports on "First Up." (Source: Bloomberg)
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