POLITICS
10/22/2009 05:12 am ET Updated May 25, 2011

NYT: Government Pays Legal Bills For Executives That Defrauded The Government

As a result of the Fannie takeover, taxpayers are paying millions of dollars in legal defense bills for three top former executives, including Franklin D. Raines, who left the company in late 2004 under accusations of accounting improprieties. From Sept. 6, 2008, to July 21, these legal payments totaled $6.3 million.

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