FBI investigates Fannie, Freddie, Lehman, AIG for fraud

money.cnn.com/2008/09/23/news/co … tm?cnn=yes

Quelle surprise.

Just as well the institutions that remained in private hands were all well above board.

Just a PR exercise to push along the $700 billion bailout!

Brings up a question - did anybody do time for the Savings & Loan scandal in the 1980’s? I remember GW Bush’s brother was one of the main culprits in this one, but do not remember if he or anyone else suffered any sanction as a result.

I sincerely hope heads roll and individuals do hard time in prison for the utter chaos they have created and the devasting impacts their actions have had on pension funds throughout the world. It’s a disgrace. :smiling_imp:

not a hope!!!

I prefer RTE’s news headline on this matter
‘FBI probing Fannie, Freddie, Lehman’
:smiley: 8- rte.ie/business/2008/0924/subprime.html