"Additionally, the FBI is investigating failed bank IndyMac Bancorp Inc. for possible fraud. Countrywide Financial Corp., formerly the nation's largest mortgage lender and now owned by Bank of America Corp. (BAC), is also under scrutiny."
George Soros and the Future of the World Bank
"This situation should be a cause of concern. Soros is a major funder of the Democratic Party, activist groups that aid the Democrats (such as MoveOn.Org), and was a very early and generous backer of Barack Obama. This support could be crucial in the years ahead. Congress has recently been considering increasing the regulation and the transparency of hedge funds. Indeed, some attention has been focused on the role of hedge funds in American politics. The New York Times, for instance, ran an article earlier in the year ("Hedge Fund Chiefs, With Cash, Join Political Fray") that predictably, focused on hedge fund managers who seemed to support the GOP. Unsurprisingly, the article omitted any mention at all of George Soros, whose politics are more compatible with those powers-that-be who are running the New York Times (into the ground). Yet Soros has very important reasons to want influence in Washington. Not just to support his agenda, but also to ensure that he can continue to operate behind a veil of secrecy and avoid any increased scrutiny of his hedge funds."