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FANNIE MAE'S ACCOUNTING QUESTIONED IN REPORT

Chairman and Chief Executive Officer of Fannie Mae Franklin Raines is sworn in prior to testifying about a report provided to Congress by Director of the Office of Federal Housing Enterprise Oversight Armando Falcon, entitled 'Allegations of Accounting and Management Failure at Fannie Mae,' at the House Financial Services Committee on October 6, 2004 in Washington. The report alleges that Fannie Mae changed its books to the benefit of its management...(UPI Photo/Michael Kleinfeld)..

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