FBI probing bailout firms

Severa · 09-23-2008, 09:02 PM

CNNMoney.com

The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration.

Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500), Lehman Brothers Holdings Inc. (LEH, Fortune 500), and insurer American International Group Inc. (AIG, Fortune 500)

The inquiries, still in preliminary stages, will focus on the financial institutions and the individuals that ran them, a senior law enforcement official said.

Officials said the new inquiries brings the number of corporate lenders under investigation over the last year to 26.

=============================================

OOooohhh....

THIS could get INTERESTING....
Course the cynical side of me is going, 'Heh. Let's see if they actually FIND anything in a reasonable amount of time and DO anything about it'

*Bann* ^(Premo) · 09-23-2008, 09:10 PM

Quote:

Originally Posted by Severa

CNNMoney.com

The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration.

Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500), Lehman Brothers Holdings Inc. (LEH, Fortune 500), and insurer American International Group Inc. (AIG, Fortune 500)

The inquiries, still in preliminary stages, will focus on the financial institutions and the individuals that ran them, a senior law enforcement official said.

Officials said the new inquiries brings the number of corporate lenders under investigation over the last year to 26.

=============================================

OOooohhh....

THIS could get INTERESTING....
Course the cynical side of me is going, 'Heh. Let's see if they actually FIND anything in a reasonable amount of time and DO anything about it'

Let's see if some of the rats start to scatter now...

09-23-2008, 09:02 PM	#1 (permalink)
Severa Common sense ain't common Member Since: Nov 2006 Location: Great Mills Posts: 718	FBI probing bailout firms CNNMoney.com The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration. Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500), Lehman Brothers Holdings Inc. (LEH, Fortune 500), and insurer American International Group Inc. (AIG, Fortune 500) The inquiries, still in preliminary stages, will focus on the financial institutions and the individuals that ran them, a senior law enforcement official said. Officials said the new inquiries brings the number of corporate lenders under investigation over the last year to 26. ============================================= OOooohhh.... THIS could get INTERESTING.... Course the cynical side of me is going, 'Heh. Let's see if they actually FIND anything in a reasonable amount of time and DO anything about it' __________________ Wife, Mom, Independent Sales Rep for AVON, Sagittarian, Dragon My husband is a Navy veteran. We have many family and friends who are either current or former military. We support our troops 100%!
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