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Home » Store » News » Suit Says Raines Abused Foundation Cash

Suit Says Raines Abused Foundation Cash

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A shareholder lawsuit against a number of current and former Fannie Mae board directors alleges that former Fannie CEO Franklin Raines used millions of dollars in grants from the Fannie Mae Foundation to compromise their independence, thereby discouraging them from challenging management practices that led to the GSE’s enormous financial scandal. …
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