FBI Investigates Financial Institutions
From FOXBusiness.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 the FBI is looking at potential fraud by mortgage finance giants Fannie Mae, Freddie Mac, Lehman Brothers and American International Group Inc.
A senior law enforcement official says the inquiries, still in preliminary stages, will focus on the financial institutions and the individuals that ran them.
Update: Jim Angle of FOX News reports on who's resposible for the Fannie Mae and Freddie Mac meltdown.
Update: From Powerline - 2003 NY Times article on proposed reforms to Fannie Mae and Freddy Mac.
Update: From Newsbusters - 1999 NY Times Article Revealed True Cause of Current Fannie Mae Crises.
I think any reasonable person (those that can read) should have a clear idea how we got ourselves into this situation.
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 the FBI is looking at potential fraud by mortgage finance giants Fannie Mae, Freddie Mac, Lehman Brothers and American International Group Inc.
A senior law enforcement official says the inquiries, still in preliminary stages, will focus on the financial institutions and the individuals that ran them.
Update: Jim Angle of FOX News reports on who's resposible for the Fannie Mae and Freddie Mac meltdown.
Update: From Powerline - 2003 NY Times article on proposed reforms to Fannie Mae and Freddy Mac.
Update: From Newsbusters - 1999 NY Times Article Revealed True Cause of Current Fannie Mae Crises.
I think any reasonable person (those that can read) should have a clear idea how we got ourselves into this situation.
posted by Bruce Kelly at
6:17 PM
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