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FBI ‘Probe’ Into Mortgage Giants
Sky News
Wednesday, Sept 24, 2008
The FBI is reportedly probing America’s bailed out financial institutions for potential mortgage fraud.
Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc and insurer American International Group Inc and their senior executives are being investigated, according to reports in the US media.
A federal law enforcement official confirmed the Bureau is looking at 26 cases of potential corporate fraud, related to the collapse of the US mortgage lending industry.
A Justice Department spokesman confirmed an inquiry was under way, but would not say who was being investigated.
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Brian Roehrkasse said: “As part of our investigative responsibility, the FBI conducts corporate fraud investigations. The number of cases fluctuates over time. However, we do not discuss which companies may or may not be the subject of an investigation.”
Officials want to determine whether anyone in the financial institutions was responsible for providing “misinformation”, CNN reported.
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3 Responses to “FBI ‘Probe’ Into Mortgage Giants”
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September 24th, 2008 at 5:39 am
this is a good start, but the corporate cronies will weather the storm !!!!!!!!!!!
http://www.youtube.com/watch?v=P8fgAS0w9Q8
September 24th, 2008 at 5:16 pm
Ummm, this should be front page news! While our benevolent government twists on their thumbs about what to do to save Wall Street, the criminal behavior behind this ‘Economic Pearl Harbor’ is under investigation. Bottom line should be: No bailout until we find out how this happened and who’s at fault. Not holding my breath here but, in a perfect world – that’s what would be happening. Meanwhile, don’t buy into the fear and don’t swallow the hype – this was meant to happen all along – our job must be to educate our circles as best as possible to let them know who the ‘man behind the curtain’ is – Not the Great and Powerful Oz, but a shiveled Satanic Puppet whose day is done (aka. Federal Reserve System)!
September 24th, 2008 at 7:22 pm
http://www.talesofbalboa.com/s.....nglady.htm
(((3)))