Thread: Lou Dobbs 9/23/08 FBI Investigates Wall Street Fraud

Lou Dobbs Tonight
Wednesday, September 24, 2008

Tonight, Russia’s has been wielding its influence in South
America, especially with Venezuela—creating a happy but
menacing union between two authoritarian regimes with major oil
resources that like to talk tough about the U.S. We’ll have
that story. Plus:

* Freddie Mac, Fannie Mae, Lehman Brother and AIG under federal
investigation. The FBI is investigating the companies as part
of a broader look into deceptive mortgage lending and possible
fraud in creating the current market mess. At least 26 firms
are under investigation as well

* For years, Fannie Mae and Freddie Mac feasted on public trust
and the promise that their stocks were backed by a line of
Treasury credit. As they grew bloated, and executive salaries
skyrocketed, some experts warned that the U.S. economy was
being put at risk. But that was drowned out by a virtual army
of lobbyists.

* Lawmakers in the House of Representatives finally passed a
Credit Cardholders’ Bill of Rights yesterday after months of
waffling, partisan bickering, and holding meaningless hearings
while failing to address the issue with legislation. But that
doesn’t mean regular men and women are suddenly going to get a
fair shake against the greedy mega-companies that can boost
fees and change the rules at any time. After all, the Senate
still has to pass the bill and the president has to sign it –
both have said they oppose legislation that helps the middle
class and not multi-billion dollar financial companies.

Lou’s nationally-syndicated talk radio show, The Lou Dobbs
Show, debuted this spring. Join us weekdays from 3-6 p.m.
Eastern for a look at news and politics aimed at independent
thinkers. Visit LouDobbsRadio.com to check your local listings
or listen live online.

Today, New York Daily News columnist Michael Goodwin will talk
to Lou about the politics of the Wall Street meltdown, as well
as the upcoming presidential and vice presidential debates.
Justin Wolfers, professor of business and public policy at the
University of Pennsylvania’s Wharton School will weigh in on
the Wall Street crisis as well. Rhode Island Gov. Donald
Carcieri will join us to talk about a legal battle over
E-Verify in his state. And Lou will be taking your calls at
877-55 DOBBS.

Lou’s book INDEPENDENTS DAY is now on sale in bookstores and on
Amazon.com and BarnesandNoble.com. In Independents Day, Lou
issues a rallying cry to American citizens eager for a change,
focusing particularly on the critical issues and challenges of
the 2008 election.

Check out the completely re-designed
http://www.loudobbs.com, featuring the latest
updates on Lou’s TV and radio shows, audio and video clips,
written commentary and more.

Watch it everyday....NEVER miss him or Beck

Dobbs is the bomb, yes -- but the FBI investigating Wall Street?

Isn't that the corrupt leading the more corrupt?