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| FBI investigating companies at heart of meltdown |
| 2008-09-24 |
| WASHINGTON (AP) - 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. Additionally, a senior law enforcement official said Lehman Brothers Holdings also is under investigation. The inquiries will focus on the financial institutions and the individuals that ran them, the senior law enforcement official said. Spokesmen for AIG, Fannie Mae and Freddie Mac did not immediately return calls for comment Tuesday evening. A Lehman spokesman did not have an immediate comment. Officials said the new inquiries bring to 26 the number of corporate lenders under investigation over the past year. Just last week, FBI Director Robert Mueller put the number of large financial firms under investigation at 24. He did not name any of the companies under investigation but said the FBI also was looking at whether any of them have misrepresented their assets. |
| Posted by:Steve White |
| #8 So, when are they going to investigate the worms in Congress and the Executive branch who set this whole house of cards up in the first place and ignored it for so long? /rhetorical |
| Posted by: xbalanke 2008-09-24 15:32 |
| #7 Water is wet category. Alternative headline: FBI finds greed and corruption in Washington. |
| Posted by: JohnQC 2008-09-24 14:25 |
| #6 There'll still be golden parachutes, they'll just have to be used for their intended purpose. |
| Posted by: Perfesser 2008-09-24 10:30 |
| #5 Have they named Steven Hatfill a person of interet yet? |
| Posted by: Besoeker 2008-09-24 08:38 |
| #4 American CEO's aren't going to get that close to any stinky "workers". They're icky, and they carry cooties. |
| Posted by: bigjim-ky 2008-09-24 08:25 |
| #3 Meanwhile, near New Delhi: Laid-off workers beat manager to death. 63 arrested for murder. Labour Minister Oscar Fernandes said "This should serve as a warning for the managements." |
| Posted by: Anguper Hupomosing9418 2008-09-24 01:13 |
| #2 Too bad the FBI didn't do something like this 2 years ago, it would have put a bit of useful fear into the financial people. |
| Posted by: Anguper Hupomosing9418 2008-09-24 01:03 |
| #1 No more golden parachutes for the guys responsible. Heads need to roll. It's a good thing the Feds are doing this, so The People(tm) don't have to. Lynch mobs are not a pretty thing. |
| Posted by: Scooter McGruder 2008-09-24 00:45 |