The FBI is investigating Fannie, Freddie, AIG, and Lehman. If they look hard enough I’m sure they will find something they can call fraud, that’s what Eliot Spitzer did… in fact it makes one wonder if Spitzer hadn’t railroaded Hank Greenberg would AIG not be a department of the Federal government right now?
Enough with the idle speculation, I would like them to expand their investigation of the financial meltdown to include Congress. As much as stupidity is not a crime, nor is accepting boatloads of lobbyist money, it would be a service to the American people nonetheless to have a fact finding expedition on the subject.
More on this topic
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Whitney Tilson’s Bullish Case: AIG
(Value Investing, 5/16/12)
AIG Shares Worth $5B Unloaded by US Treasury
(Value Investing, 5/7/12)
Freddie Mac Tramples on Taxpayers Again
(Investment U, 2/2/12)
Freddie Mac Does Not Hate America: It’s Actually Trying to Help
(Investment U, 2/10/12)