FBI Investigates Financial Crisis

FBI to investigate mortgage mess
While Congress debates and the stock market reacts, the Federal Bureau of Investigation is looking into transactions at four companies whose collapse contributed to the credit crisis.

The FBI is investigating potential fraud by Fannie Mae (FNM, news, msgs), Freddie Mac (FRE, news, msgs), Lehman Bros. and American International Group (AIG, news, msgs), according to published reports.

More than 20 companies linked to the crisis have now been mentioned as focal points for the FBI.

“…Skeptics believe the automakers will be the next in line for an all-out bailout.”