The headquarters of mortgage lender Freddie Mac is seen in Mclean, Virginia, near Washington, September 8, 2008. (Jason Reed/Reuters)
Posted on 02/23/2009 10:11:14 AM PST by NormsRevenge
WASHINGTON – Lawyers hired by mortgage finance giant Freddie Mac are quietly investigating the firm's own $2 million lobbying campaign, The Associated Press has learned. The lobbying effort helped quash proposed new regulations on the company before the housing market collapsed.
It was not immediately clear how much Freddie Mac is spending to investigate its own conduct or whether it is spending any federal bailout money on the internal probe. The firm was placed under U.S. government control due to its massive investment losses.
One of Washington's leading law firms, Covington & Burling LLP, has spent more than a month interviewing current and former Freddie Mac employees and executives,...
(Excerpt) Read more at news.yahoo.com ...
The headquarters of mortgage lender Freddie Mac is seen in Mclean, Virginia, near Washington, September 8, 2008. (Jason Reed/Reuters)
This will be another case of Democrats investigating themselves and declaring, “We have found no wrongdoing on our part”.
Hey America! Are you tired of these people yet?
An investigation to determine if a corrupt Federal agency is corrupt, is in and of itself a corruption.
What happened to Antitrust Law enforcement with Fricky Fredie and Fanny, haa!!??
Instead government gets prostituted into “business” has no business to be in!!!
Freddie Mac checked himself out and
announces he is clean.
How convenient. NBC’s David Gregory’s wife is their lawyer.
No, the American People are not tired of the Democrats.
In fact, they are quite giddy about all the “freebies” they are about to enjoy.
Isn’t this even worse than letting the fox guard the hen house?
Talk about your Gubamint Media Complex CYAing for each other .. not your untypical incestuous scenario of late in the Beltway,, but juicy nonetheless.. Thanks!
As Rush said, no problem — I will hire my own lawyers to review my IRS filings.
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