Bitcoind, Multisig, and the default account ""
If anyone is looking for the answer, Gavin Andresen posted it on bitcointalk.org.
https://bitcointalk.org/index.php?topic=567321

Transactions send via sendrawtransaction are always debited from the default &quot;&quot; account. Raw transactions and accounts are not designed to work together, use one or the other .
And preferably not accounts: unless somebody steps up and volunteers to make the accounts feature &quot;industrial-strength&quot; (scalable, integrates with whatever back-end database your company is using to track user information, can be robustly backed up, etc) it is very likely it will be deprecated and then dropped.