Humpty Dumpty fell off the wall

[delldude]

Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae (FNM) and Freddie Mac (FRE), and insurer American International Group Inc. (AIG) Additionally, a senior law enforcement official said Lehman Brothers Holdings Inc. (LEH) also is under investigation.

Will it be a true probe or will it be white washed to protect our friends on both sides of the aisle?

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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.

Freddie Mac and Fannie pulled the same stuff that Ken Lay and all those others did...will they pay?

 

[LGA Fleet Service]

I'd like to know why companies like Golden Showers were selling these CDO's on one hand, and shorting the hell out of them on the other.

 

[Bobbie]

The Bush Administration Justice Department "looking into" anything has nothing to do with law enforcement. It's just another part of the Bush political process to make it appear as though the government is functioning "for the people" when it's actually just covering up what has been done.