FBI probes finance giants for fraud

The FBI is investigating Fannie Mae, Freddie Mac, Lehman Brothers and AIG – and their executives – as part of a broad look into possible mortgage fraud.

Earlier this month, FBI director Robert Mueller told Congress that 1,400 individual real estate lenders, brokers and appraisers were now under investigation in addition to two dozen corporations.

The FBI currently has 26 pending corporate fraud investigations involving subprime lenders,” Kelko said. Previously, CNN has reported that Countrywide is part of the investigation.

And the beat goes on. The beat goes on…

2 thoughts on “FBI probes finance giants for fraud

  1. moss says:

    Fannie and Freddie lobbyists – and directly, as well – provided campaign funds for three-quarters of Congress. Anyone going to vet the voting records of those sleazebags?

  2. james357 says:

    They’re only about a year late. As soon as anyone saw junk bonds wrapped in AAA ratings, boom, something’s wrong. These Wall Street guys who ran this scam weren’t running bingo halls. These guys are the some of the best-trained and most experienced moneychangers in the world and they had no clue it was a shady deal to wrap junk as AAA and put it in the main pipeline to conservative investments like pension funds and money markets? I just saw a flock of pigs fly by, again.

    I also notice the media isn’t saying a word about Paulson only being just over 2 years since he was the CEO of Goldman. Shhh! Gotta keep that quiet or he might look like a CROOK.

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