FOXNews.com - FBI Investigating Potential Fraud by Fannie Mae, Freddie Mac, Lehman, AIG - Local News | News Articles | National News | US News: "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. The investigations revealed Tuesday come as lawmakers began considering whether to approve emergency legislation that would give the government broad power to buy up devalued assets from troubled financial firms."
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Pardon my skepticism, but I can't help wondering if this is a conveniently timed leak intended to convey the impression that the Bush administration isn't just showering the financial industry with taxpayer largesse, but investigating...seeking to find and punish the bad guys who created this mess, whoever they may be (and I should emphasize that I am not blaming any particular individuals for the economic debacle--I'm just talking about the way this leak makes things look).