Tuesday, September 23, 2008
THERE IS SOMETHING THAT STINKS ....AND IT COULD BE THE ELEPHANT IN THE LIVING ROOM...OR WHAT HE HID IN THE CORNER...
Anyone Else think This Bailout seems Awful Rushed ? Like there is Something that Smells about the Whole thing? What is going on ? Then Later tonight we find out that the FBI is investigating the Entities that are getting bailed out- along with 24 other Companies. The Management and Adminstration are being Investigated for Fraud and more : Freddie Mac, and Frannie Mae, and Lehman Brothers, and AIG......hmm, that is interesting.
At 7PM this broke Last Night:
So over on FOX, Shep is reporting that FBI is beginning Investigations into Fraud at Lehman, AGI and Two Other Institutions....
Susposedly Upper Management.....I will try to find more about this....( Hmmm, makes that Paulson 32 WORDS a little more interesting...) Okay the First Article has appeared about Lehman, AIG, and Fannie, and Freddie are to be investigated for Fraud,
by the FBI. Gee If Mr.Paulson has his way with his 32 Words there would have been NO Investigation .....Ponder that.
( More from Huffpost about the FBI Investigation of the Banking Entities and Potential Fraud.)
Snippet from the Article :
"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.
Over the past year as the housing market cratered, the FBI has opened a wide-ranging probe of companies across the financial services industry, from mortgage lenders to investment banks that bundle home loans into securities sold to investors. Mueller has previously said the FBI's hunt for culprits in the nation's subprime mortgage crisis focused on accounting fraud, insider trading, and failure to disclose the value of mortgage-related securities and other investments."
( Footnote now it is up to 26 Companies)
MORE from other article:::
"Additionally, the FBI is investigating failed bank IndyMac Bancorp Inc. for possible fraud. Countrywide Financial Corp., formerly the nation's largest mortgage lender and now owned by Bank of America Corp., is also under scrutiny."