FBI investigating possible fraud by Fannie, Freddie, Lehman, AIG and their executives

News Type: Event — Seeded on Tue Sep 23, 2008 10:20 PM EDT

Article Source: The Minneapolis Star Tribune

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 Inc. Additionally, a senior law enforcement official said Lehman Brothers Holdings Inc. also is under investigation.

The inquiries will focus on the financial institutions and the individuals that ran them, the senior law enforcement official said.

The law enforcement officials spoke on condition of anonymity because the investigations are ongoing and are in the very early stages.

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nearing

The investigations revealed Tuesday come as lawmakers began considering whether to approve emergency legislation that would give the government broad power to buy up devalued assets from troubled financial firms.

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***Please note: I intend to be vigilant in keeping the discussions of this seed on-topic. Political thread-jacking will not be tolerated. Thank you.

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2 votes

#1 - Tue Sep 23, 2008 10:21 PM EDT

{"commentId":3077083,"authorDomain":"jazzman646"}

jazzman646

FBI investigating possible fraud by Fannie, Freddie, Lehman, AIG and their executives

Oh no nearing!!!

This means some of Obama's top advisors could be in jail by election day...

No news like good news!!!

{"commentId":3077083,"threadId":"365818","contentId":"1902524","authorDomain":"jazzman646"}

1 vote

#2 - Wed Sep 24, 2008 12:47 PM EDT

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FBI investigating companies at heart of meltdown	The New York Times	Wed Sep 24	1
My Way News - FBI investigating companies at heart of meltdown	apnews.myway.com	Tue Sep 23	2
FBI investigating companies at heart of meltdown	Associated Press	Tue Sep 23	76
FBI investigates 4 companies at heart of financial meltdown	CBC	Wed Sep 24	1
Bush invites McCain, Obama to discuss bailout	Associated Press	Sun Sep 21	66

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FBI investigating possible fraud by Fannie, Freddie, Lehman, AIG and their executives

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