Well, well. A day after coming out against the Democrats and charging them with holding up the $700 billon bailout, look at what the New York Post is reporting tonight:
The FBI has four major US financial institutions in its crosshairs for triggering the potential collapse of Wall Street and the need for a $700 billion federal bailout plan, law-enforcement officials said today.
Citing potential fraud charges, the feds are probing mortgage-finance giants Fannie Mae and Freddie Mac, Lehman Brothers Holdings Inc., and insurer American International Group Inc. - while focusing on the heads of the financial institutions, sources said.
No further details in the story, but boy, doesn't anybody doubt there has been criminial activity here. It's almost like all of our banks have been looted and nobody thought to have called a cop. It's the biggest heist since Machine Gun Kelly! Bonnie and Clyde! And nobody used a gun.
To rob a bank, you need a gun. To rob lots of banks all at once, you need a computer. And an empty-headed president.
I'm sure the American people would be behing a Wanted poster and a good hanging right about now.
Update: AP also reporting, from CNN:
The FBI is investigating Fannie Mae (FNM), Freddie Mac (FRE), Lehman Brothers Holdings Inc. (LEH) and American International Group Inc. (AIG) for potential fraud, the Associated Press reported, citing two unnamed law enforcement officials.
The probe, still in early stages, will focus on the companies and the people who ran them, the AP said, citing an unnamed senior law enforcement official.
Spokesmen for AIG, Fannie Mae and Freddie Mac didn't immediately return calls for comment, the AP said. A Lehman spokesman didn't have an immediate comment, it added.
More from Sky News
Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc and insurer American International Group Inc and their senior executives are being investigated, CNN claims.
A federal law enforcement official confirmed the Bureau is looking at 26 cases of potential corporate fraud, related to the collapse of the US mortgage lending industry.
A Justice Department spokesman confirmed an inquiry was underway, but would not say who was being investigated.
Brian Roehrkasse said: "As part of our investigative responsibility, the FBI conducts corporate fraud investigations. The number of cases fluctuates over time, however we do not discuss which companies may or may not be the subject of an investigation."
Officials want to determine whether anyone in the financial institutions was responsible for providing "misinformation", CNN reported.
Last week FBI Director Robert Mueller told the US Congress that 24 cases of potential corporate fraud were under investigation, three more from the number disclosed by the Bureau in July.
Mueller, who also vowed to pursue corporate executives during the case if necessary, said the FBI was examining at all levels of the mortgage systems.
With respect to the corporate probes, which could result in federal charges, "the allegations would be there were misstatements of assets," he said.