Posted on 09/23/2008 9:54:15 PM PDT by BAW
The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration, The Associated Press has learned.
Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae and Freddie Mac, and insurer American International Group Inc. Additionally, a senior law enforcement official said Lehman Brothers Holdings Inc. also is under investigation.
The inquiries will focus on the financial institutions and the individuals that ran them, the senior law enforcement official said.
The law enforcement officials spoke on condition of anonymity because the investigations are ongoing and are in the very early stages.
Officials said the new inquiries bring to 26 the number of corporate lenders under investigation over the past year.
(Excerpt) Read more at biz.yahoo.com ...
They can all take their golden parachutes straight down to prison.
They need to add several Hedge Funds to that list!
I wonder how long it will be before the Democrats start screaming that this is a political maneuver, not a true investigation.
I wonder if the FBI will investigate Congress or the Fed?
bookmark
All the while the real culprits in the Congress get a free pass. The only hope is that that public will get so angry with these Dems they kick them out.
Well...if Obama gets elected, then you will not hear a damned thing about this investigation again.
My bet is if any Rats are tied to this, we won’t know until after the election. The Bush White House is to chicken you know what to that. The reason this election is close is because the GOP is afraid of it’s own shadow.
Whereas if the Rats controlled the White House and the FBI and the GOP has a bucnh of people conected to , you can bet your bottom dollar the news would be coming out in spurts and then bang, right before election day the big shoe drops . And the Drive Bys would be praising the White House controlled by the Rats as being aggressive and go after those crooked Republicans.
They should investigate the $600million dollar in stocks that Paulson has with Goldman Sachs as well.
The Credit Default Swap (CDS) market is about to take our economy down and will probably bring the world economy with it. What has been done over the last 15 years or so has been perfectly legal, yet perfectly stupid.
Our investment banks have spent the last 7 years going "all in" at the roulette wheel. They have placed their last bet and the house won.
The FBI ought to be looking about Congress.
This whole thing is SCREAMING for the biggest Congressional investigation in history.
I want to see Franklin Raines, Chris Dodd, Barney Frank, and Jim Johnson “Frog Marched” out of the Capital Building.
BTW, Obama drove the getaway car on this heist.
They can all swing for this.
How did a guy who had to take a mortgage out on his house for campaign 2004 suddenly amass a $230,000,000 + fortune.
Kerry, the gigalo, married Teresa Heinz for HER money.
According to Howie Carr, WRKO, Kerry lived in his car after the divorce in the 80s.
Inquiring minds want to know because he had no visible means of support on his own. Where did he get that money?
And, where is Teresa? Haven't seen her out and about with Kerry since the election in 2004.
This is good as long as none of the branches of government try to influence what happens here.
After they are charged, bring in Johnny Sutton to prosecute.
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