The FBI is investigating Fannie Mae, Freddie Mac, Lehman Brothers and AIG - and their executives - as part of a broad look into possible mortgage fraud, sources with knowledge of the investigation told CNN Tuesday.And bankruptcy doesn't protect them from that. This puts an entirely new wrinkle in the bailout, I should think. Remember, these loans were knowingly made willy-nilly just so they could be sold off to investment firms. That's knowing bad faith. The market, at least by the book, was never that free. At least not if you got caught.
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