FANNIE-GATE Begins - FBI Probe Launched

Investigators start search for fraud at Fannie Mae, Freddie Mac, Lehman Brothers and AIG, sources say. The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration. The inquiries, still in preliminary stages, will focus on the financial institutions and the individuals that ran them, a senior law enforcement official said.

Read More...

[Source: Latest Articles - Posted by FreeAutoBlogger]

No comments: