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Fannie, Freddie Losses Over $200B MBS Not Fraud, Banks Say

By Linda Chiem (July 16, 2012, 8:27 PM EDT) -- Wall Street banks accused of lying to Fannie Mae and Freddie Mac about the quality of $200 billion in residential mortgage backed securities urged a federal court Friday to dismiss the Federal Housing Finance Agency's lawsuits against them, arguing that they can't be blamed for the government's losses during the financial crisis....

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