FBI Probes Whether Fraud Caused Market Woes
LINDA WERTHEIMER, host:
NPR's business news starts with the FBI's new probe on Wall Street.
(Soundbite of music)
WERTHEIMER: The Federal Bureau of Investigation has set its sights on AIG, the giant insurance company. It's also reportedly looking into possible fraud at Fannie Mae, Freddie Mac, and Lehman Brothers. These companies have become synonymous with the financial turmoil and government bailouts. Federal investigators are already probing more than 20 financial firms for mortgage-related fraud. But this latest investigation shows they are moving higher up the corporate ladder. The government's under pressure to hold top executives accountable for the financial crisis.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.