24 Sep 08
Anyone have a clear line on this one? I can't find too many details at the moment.
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Meanwhile, the Federal Bureau of Investigation announced late Tuesday it is investigating four institutions whose collapse helped trigger the financial crisis.
Speaking on condition of anonymity, two FBI officials said the bureau was looking at potential fraud by mortgage giants Fannie Mae and Freddie Mac, investment bank Lehman Brothers Holdings Inc. and insurer American International Group Inc.
The inquiries, still in preliminary stages, will focus on the financial institutions and the people who ran them, one senior law enforcement official told the Associated Press.
24 Sep 08
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Originally posted by uzlessSo will this end up being a double imposte on the public purse? The collapse and the post mortem? Gotta love the American way, everyone except Mr Ordinary gets a piece of the action!
The inquiries, still in preliminary stages, will focus on the financial institutions and the people who ran them, one senior law enforcement official told the Associated Press.
24 Sep 08
Originally posted by uzlessWe have the same news in Denmark. Apparently 26 financial institutions are being investigated at the moment.
Anyone have a clear line on this one? I can't find too many details at the moment.
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Meanwhile, the Federal Bureau of Investigation announced late Tuesday it is investigating four institutions whose collapse helped trigger the financial crisis.
Speaking on condition of anonymity, two FBI officials said t ...[text shortened]... ons and the people who ran them, one senior law enforcement official told the Associated Press.
24 Sep 08
Originally posted by uzlessIt would seem to me that if people can force a market down, and therefor force a government to spend billions of dollars building it back up, that:
Anyone have a clear line on this one? I can't find too many details at the moment.
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Meanwhile, the Federal Bureau of Investigation announced late Tuesday it is investigating four institutions whose collapse helped trigger the financial crisis.
Speaking on condition of anonymity, two FBI officials said t ...[text shortened]... ons and the people who ran them, one senior law enforcement official told the Associated Press.
1. Someone's making a profit out of this somewhere
2. The government is well within its rights to check out what the hell is going on.
However, I think it's probably best, in the long term, if the complete market system collapses. They can throw one person out of his home and call him a non-payer, they can throw 2 people out of their homes and call them a gang... but they can't throw everyone out of their homes. The bigger the bust, the less impact it will have on home ownership.
24 Sep 08
Originally posted by shavixmirI agree entirely.
It would seem to me that if people can force a market down, and therefor force a government to spend billions of dollars building it back up, that:
1. Someone's making a profit out of this somewhere
2. The government is well within its rights to check out what the hell is going on.
However, I think it's probably best, in the long term, if the comp ...[text shortened]... yone out of their homes. The bigger the bust, the less impact it will have on home ownership.
Let them all collapse like a deck of cards....corrupt bunch of greedy, incompetents as they are.
Sooner or later someone else will start up a company to lend money to people to buy a house, and before you know it, the whole thing is up and running again.
This is a true free market economy in action. It is what the govt. should do, if they truely believe in a Laissez Faire economy.
24 Sep 08
Originally posted by howardgee
I agree entirely.
Let them all collapse like a deck of cards....corrupt bunch of greedy, incompetents as they are.
Sooner or later someone else will start up a company to lend money to people to buy a house, and before you know it, the whole thing is up and running again.
This is a true free market economy in action. It is what the govt. should do, if they truely believe in a Laissez Faire economy.