Joesf 0 Report post Posted September 24, 2008 FBI Investigates FanneMae, FreddieMac, AIG and Lehman for fraud. http://www.foxnews.com/story/0,2933,426783,00.html Share this post Link to post Share on other sites More sharing options...
Shadrende 0 Report post Posted September 24, 2008 Shocking! Share this post Link to post Share on other sites More sharing options...
Joesf 0 Report post Posted September 24, 2008 Ben Stien puts it the best. http://finance.yahoo.com/expert/article/yo...JDeCl.2G0S7YWsA The profit can be wildly out of proportion to the real amount of defaults, because speculators can push down the price of instruments tied to the subprime mortgages far beyond what the real rates of loss have been. As I said, the profits here can be beyond imagining. (In fact, they can be so large that one might well wonder if the whole subprime fiasco was not set up just to allow speculators to profit wildly on its collapse...) Share this post Link to post Share on other sites More sharing options...
Atrus 0 Report post Posted September 24, 2008 You get your news from Fox news? Share this post Link to post Share on other sites More sharing options...
Hykos 0 Report post Posted September 24, 2008 (edited) Saw this a few minutes ago. Not totally related, aside from being from Wall St. http://cache.consumerist.com/assets/images/consumerist/2008/09/wallstreetisok.jpg ATM receipt found at a Chase ATM on Wall St. I think this guy will survive the economic turmoil. lawl My savings account is jealous. http://consumerist.com/5054164/found-wall-...9708423-balance Edited September 24, 2008 by Hykos Share this post Link to post Share on other sites More sharing options...
Vanin 0 Report post Posted September 24, 2008 I want FBI investigation on FBI investigating FanneMae, FreddieMac, AIG and Lehman. Share this post Link to post Share on other sites More sharing options...
Joesf 0 Report post Posted September 24, 2008 You get your news from Fox news? Its not news, its Fark.com. Share this post Link to post Share on other sites More sharing options...
Hvilelos 0 Report post Posted September 24, 2008 Fark hasn't been what it used to be since they moved boobies off the front page. Also, SHARP KNEES LOLOLOL TEH FUNNAY Share this post Link to post Share on other sites More sharing options...
Feanore 0 Report post Posted September 25, 2008 Fark hasn't been what it used to be since they moved boobies off the front page. 4 SRS Share this post Link to post Share on other sites More sharing options...
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