FBI investigating hosed companies. And the others...?

Discussion in 'Wall St. News' started by WaveStrider, Sep 24, 2008.

  1. http://biz.yahoo.com/ap/080924/financial_meltdown_investigation.html

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

    I'm thinking they are also looking into companies that haven't gone belly-up yet - but don't want to roil the stock prices of those companies (yet).

    They probably need to go back and look at all execs that were running financial companies while the subprime fraud was being perpetrated. Who would be on that list?
  2. Democrats are not having hearings. You know what that means... the blame would fall on them if they did.. Fannie and Freddie were run by Democrats and they gave lots of donations to the Democrats. The incompetence and big bonuses is a sick little chapter in recent history for sure......
  3. I remember Franklin Rains being a name at Fannie - but mostly because of the legal fight he put up to get his bonus money.

    There are a lot of execs who took the money and ran already. So my guess is that - to be thorough - they are going to get those calls too.