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AIG, Fannie, Freddie, and Lehman are Under Federal Investigation

Source: http://Blog.QualityStocks.net/?p=12562
Posted on Wednesday, September 24th, 2008 | In Small & Micro Cap
Contributed by: QualityStocks (http://QualityStocks.net) -

Four of the nation’s largest financial institutions, whose collapses have contributed significantly to the need for the pending government action plan currently being discussed in Washington, have also drawn attention from the Federal Bureau of Investigation. The FBI has stated its intent to commence fraud investigations of insurer AIG, investment bank Lehman Brothers Holdings, and mortgage financiers Fannie Mae and Freddie Mac. Limited information regarding the investigations was given, as they are in the beginning stages, but it was noted that senior officers of the financial institutions would come under the greatest scrutiny.

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