FBI investigating for fraud at Fannie Mae, Freddie Mac, Lehman Brothers and AIG

[dalakhani]

Originally Posted by GPK

Wow...thanks for the clarification.

It actually goes so far beyond what i described especially with the CDO part but I am not smart enough to explain it in less than a book.

I do want to add that not nearly all of the problems are due to fraud. I would say a good portion of our problems were based on what Scuds touched on which was faulty risk assessment.