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09-29-2008, 11:31 AM #1
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…
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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
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