Baltimore Sun: MuniMae future in doubt after it restates finances

February 13, 2009

Here’s what the print edition of Baltimore Sun has to say today on Financial Statements.

Municipal Mortgage & Equity LLC, the real estate and alternative energy financier known as MuniMae, issued audited 2006 financial statements yesterday in which its independent public accounting firm said it doubts the company can continue as a going concern because of liquidity problems and a substantial drop in business. The Baltimore-based company also restated its financial results for the t…

Read the whole article


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