Thread: Fannie, Freddie get federal grand jury subpoenas

Fannie, Freddie get federal grand jury subpoenas
By Michelle Malkin
• September 29, 2008 10:49 AM

The crony pseudocapitalists at Fannie Mae and Freddie Mac have been served federal grand jury subpoenas. Better late than never:

Fannie Mae and Freddie Mac, the U.S. mortgage finance giants that were taken over by the government this month, said on Monday they were subpoenaed for documents as part of a federal grand jury investigations into their accounting.

The U.S. Attorney’s office for the Southern District of New York subpoenaed the two on Friday for documents related to accounting, disclosure and corporate governance dating from January 1, 2007 to the present.

The Securities and Exchange Commission is also investigating these matters and directing the companies to preserve the documents…

How about serving Maxine Waters, Barney Frank, Gregory Meeks, and company while they’re at it?: http://hotair.com/archives/2008/09/29/v ... c-in-2004/

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Related: Fannie Mae and Freddie Mac Invest in Lawmakers: http://www.opensecrets.org/news/2008/09 ... eddie.html

Previous Fannie Mae blogging here: http://michellemalkin.com/page/2/?s=fannie

http://michellemalkin.com/2008/09/29/fa ... subpoenas/

Please see this video and spread it around.....an oversight committee on Fannie Mae and Freddie Mac were grilling Democrats and the Dem's were denying that anything was wrong despite the dire evidence to the contrary in 2004......instead the Democrats were defending the antics of the GSE's (Govt.Service Entities) like ACORN, and other "minority/community groups" implementing the "affordable housing initiatives".....which meant giving mortgages to unqualified, high risk borrowers (mostly minorities, including illegal aliens).

Watch this, favorite it...and spread this around.....everyone one of the Dem's on this video need to be outed, subpoenaed, investigated and made to account........

http://www.youtube.com/watch?v=_MGT_cSi7Rs