FBI Investigating Potential Fraud by Fannie Mae, Freddie Mac, Lehman, AIG

[TheSarge]

WASHINGTON —  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.

Officials said the new inquiries bring to 26 the number of corporate lenders under investigation over the past year.

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.

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.

http://www.foxnews.com/story/0,2933,426783,00.html

[Hawkgirl]

Potential??


Um...it's no-brainer.

[TheSarge]

Potential??


Um...it's no-brainer.

You would think that...but from what I've read and heard in the news...Fannie and Freddie are loaded with former Clinton WH folks.

Nothing will happen with this investigation.  It's a distraction from the fact that the Dems used them both as their personal money jar.

[Duke Nukum]

Potential??


Um...it's no-brainer.

You would think that...but from what I've read and heard in the news...Fannie and Freddie are loaded with former Clinton WH folks.

Nothing will happen with this investigation.  It's a distraction from the fact that the Dems used them both as their personal money jar.

I'm listening to Mark Levin from last night and he's played McCainez on 60 Minutes saying he would replace SEC chairman Cox with Andrew Cuomo who, along with the ubiquitous Jamie Gorelick, is one of the architects of the current financial crisis.  So yeah, pretty much nothing will happen.

[Jim]

Ihope they include Chris Dodd and B.Obama in this

[Lauri]

Potential??


Um...it's no-brainer.

You would think that...but from what I've read and heard in the news...Fannie and Freddie are loaded with former Clinton WH folks.

Nothing will happen with this investigation.  It's a distraction from the fact that the Dems used them both as their personal money jar.

Rush was making the point the other day that "Obama came into the senate with no money, but two years later, he's buying a 1.5 million dollar house?? where did the money come from so fast? yeah, he's gotten more money from Fannie May and Freddie Mac in a shorter amount of time than anyone else. but he's number two on the list of 'donations' from the mortgage giants to buy their way into the White House.

i know a lot of them are corrupt.. but Obama is setting a new standard of late.  

 

[Chris_]

Potential??


Um...it's no-brainer.

You would think that...but from what I've read and heard in the news...Fannie and Freddie are loaded with former Clinton WH folks.

Nothing will happen with this investigation.  It's a distraction from the fact that the Dems used them both as their personal money jar.

Rush was making the point the other day that "Obama came into the senate with no money, but two years later, he's buying a 1.5 million dollar house?? where did the money come from so fast? yeah, he's gotten more money from Fannie May and Freddie Mac in a shorter amount of time than anyone else. but he's number two on the list of 'donations' from the mortgage giants to buy their way into the White House.

i know a lot of them are corrupt.. but Obama is setting a new standard of late.  

 

I think when he started running for the WH his book started selling like hotcakes. So most of his income came from royalties.

[DumbAss Tanker]

I think when he started running for the WH his book started selling like hotcakes. So most of his income came from royalties.

I don't know how well sales went for it, but the really big names like Hillary actually reap their profits in the form of advances from the publisher, not waiting for royalty checks to accumulate.  They profit even if their books never sell in the numbers that would amortize the advances.  It is kind of tied up with counting coup and rep in the publishing industry to get one of these big name commitments, actual success of the book is almost secondary, and with political figures there is a certainty that there will be a large soft-money buy of them to take the sting out even if the public at large yawns it off.

[Airwolf]

I think when he started running for the WH his book started selling like hotcakes. So most of his income came from royalties.

I don't know how well sales went for it, but the really big names like Hillary actually reap their profits in the form of advances from the publisher, not waiting for royalty checks to accumulate.  They profit even if their books never sell in the numbers that would amortize the advances.  It is kind of tied up with counting coup and rep in the publishing industry to get one of these big name commitments, actual success of the book is almost secondary, and with political figures there is a certainty that there will be a large soft-money buy of them to take the sting out even if the public at large yawns it off.

Unless your Nancy Pelosi.

[Lauri]

Potential??


Um...it's no-brainer.

You would think that...but from what I've read and heard in the news...Fannie and Freddie are loaded with former Clinton WH folks.

Nothing will happen with this investigation.  It's a distraction from the fact that the Dems used them both as their personal money jar.

Rush was making the point the other day that "Obama came into the senate with no money, but two years later, he's buying a 1.5 million dollar house?? where did the money come from so fast? yeah, he's gotten more money from Fannie May and Freddie Mac in a shorter amount of time than anyone else. but he's number two on the list of 'donations' from the mortgage giants to buy their way into the White House.

i know a lot of them are corrupt.. but Obama is setting a new standard of late.  

 

I think when he started running for the WH his book started selling like hotcakes. So most of his income came from royalties.

possibly.. did he start running for the WH right after getting into the Senate?

oh wait... stupid question