Posted on 09/23/2008 4:56:31 PM PDT by Fred Nerks
WASHINGTON — The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration.
(Excerpt) Read more at foxnews.com ...
I want to see some executives and government officials doing a perp walk soon.
have you seen this?
Oh lawdy
If they issue subpeonas, who will run the Obama Campaign?
“You are charged with making stupid investment decisions!”
Does this put Raines and other dirtbags like him in the crosshairs? If so, the trail will lead to politicians and campaign contributions. I wonder how long it will be before they circle the wagons and cover each other’s rears- like they did with the 911 Commission and Able Danger.
Yeah, right. Bush’s (In)Justice Dept. couldn’t prosecute a fly.
Franklin Raines, et al were given a slap on the hand.
Thanks, Fred. No; would have missed it. Jail time for all involved.
They need to be looking at Congress.
I’ m gonna take a guess that no preliminary investigation results will be reported by the networks before Spring.
Stupid investment decisions ain’t particularly what I believe they will be looking at...but fraudulent accounting?
Good thing about this is that the investigation will not be finished while the Bush Justice Department is in power. FBI investigates and the US Attorneys let people skate including Republicans here in OK that forged checks meant for one PAC to make it to another.
This is a job for our soon to be new Vice President Sarah Palin to oversee.
Can anyone tell me what roll Raines has in the Obama campaign?
I have to admit, with some shame, that the thought of Jamie Gorelick on trial for participating in an accounting fraud give me some degree of pleasure.
LOL!
I really don’t think there was much fraud at this level.
The fraud occurred at the mortgage broker level. The brokerages who packaged and sold these loans may have participated by selling paper they knew was bad. However, Lehmann and AIG were purchasers of these securities, not packagers.
If the FBI wanted to investigate somebody, they should check into that loose cannon at CitiCorp who was cooking up SIVs in the back room with little regard to anything but his own bonus.
Jamie Gorelick. She’s flipping everywhere. Is there any position screwing this country that she hasn’t held?
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