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Intersting, yup...all Bush's fault
The government-sponsored company is reworking its accounting back to 2001 in the wake of the scandal that forced out Mr. Raines and the former finance chief J. Timothy Howard, and brought a record $400 million fine in a settlement with regulators.
Mr. Howard and Mr. Raines, who was a White House budget director under President Bill Clinton, were among some 30 current and former Fannie Mae executives and directors under review for possible disciplinary action or termination.
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