Fannie, Freddie Execs Charged with Securities Fraud

ppteam

Hey, lookie here, someone finally got indicted charged with civil fraud

Phoney & Fraudie had a long history of fraud, bad execs, fake accounting.

Next up: AIG. They are the no brainer, with zero reserves against $3 trillion in potential liability.

There are cases to be made against Countrywide, Citigroup, Bank of America, Lehman Brothers, Bear Stearns, etc., but you take the low hanging fruit first.