Much corruption and it will be just a matter of time until Emanuel get hauled in to explain his crucial role in the meltdown.
Can’t add much, it is just that I heard they will be a lot of investigations and indictments and that I am already on the short list. Sen. Lehey is trying to fool them and have an investigation without blame. He means well for us but they will never be dumb enough to buy that crap.

Jeffrey Skilling and Bernard Ebbers both did jail time. Where are the investigations of Franklin Raines, Jim Johnston and the root causes of the collapse?

Fannie Mae and Freddie Mac are the only two Fortune 500 companies that are not required to inform the public about any financial difficulties that they may be having. In the event that there was some sort of financial collapse within either of these companies, U.S. taxpayers could be held responsible for hundreds of billions of dollars in outstanding debts. A recent investigation by the Justice Department and the SEC into the accounting practices at Freddie Mac revealed accounting errors in the amount of 4.5 to 4.7 billion dollars and resulted in the termination of three of the company’s top executives. Ongoing investigations by Congress, particular the House Finance Services subcommittee that oversees the activity of GSEs, will determine the future role of Fannie Mae and Freddie Mac and the secondary mortgage market that they dominate.