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Former Fannie CEO Beats Claims In $6.3B Subprime MDL

By Brian Mahoney (September 20, 2012, 9:04 PM EDT) -- A Washington federal judge on Thursday tossed ex-Fannie Mae chief Franklin D. Raines from multidistrict securities litigation over the mortgage giant's $6.3 billion worth of accounting mistakes, saying plaintiffs had no proof he was aware that company financial statements were not compliant with generally accepted accounting principles....

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