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…