The FBI is trying to pin down whether executives at four American financial institutions, believed to have triggered the $700bn proposed bail-out of Wall Street, lied to shareholders, it emerged yesterday, The Times reports.
The Federal Bureau of Investigation has launched an inquiry into Fannie Mae and Freddie Mac, the mortgage companies; Lehman Brothers, the bust investment bank; and AIG, the nationalised insurance company. While a formal spokesman for the FBI last night told The Times: "We don't name companies", it is understood that investigators are trying to ascertain whether fraud helped caused some of the troubles at the four groups. WARREN BUFFETT, ONE of the richest men in the world, is to invest up to $10bn (£5.4bn) in Goldman Sachs as the investment bank attempts to bolster its financial positio...
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