Financial Briefs

Breaking financial news from Wall Street to Main Street

FBI launches probe into Wall Street meltdown

Posted by financialbriefs on September 24, 2008

 The U.S. Federal Bureau of Investigation is looking at potential fraud at four failed financial institutions whose problems helped prompt Washington’s controversial $700-billion (U.S.) mortgage-bailout plan: mortgage lenders Fannie Mae and Freddie Mac, insurer American International Group Inc. and investment bank Lehman Brothers.

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