FBI has an astonishing 566 current investigations into corporate fraud

[wilburbear]

Not all of them will end up in perp walks.

But, I have first hand knowledge that there must be a strong smell of "smoke" before the FBI investigates a fire.

http://online.wsj.com/article/SB123756681453396825.html

 

[flytiger]

Yep, I was told 500 wall st probes. This confirms.

They have to do it. It's pablum to the masses. When you see Dodd backstep, it's bad.

 

[W4rl0ck]

FT,

Any Senators gonna fall on this one?

I'm waiting for someone famous.

Dodd would be a good starter.

 

[new$]

They are part of the problem. Else they would have charged these guys while the planning and execution were underway.
Do you think they will charge Paulson , Bernanke, Greenberg, et al with anything?
:eek:

 

[stock777]

Only 500? must be a staff shortage.

 

[flytiger]

Everyone is a target. Hearing several SEC folks, all of Wall St., but "looking" at Senators and Congressmen.

This can't go on like this. Watch the violence play out vs. AIG. If I was Obama, I would be leaning on the DOJ. Make your cases, make your arrests. It's the only tool they have to soothe the masses. And that won't work for long.