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September 24, 2008

U.S. Justice Department investigates 26 large lenders.

The Associated Press reports that Fannie Mae, Freddie Mac, Lehman Brothers Holdings, AIG and Countrywide Financial (recently bought by Bank of America) are five of them. Failed IndyMac Bancorp is also being probed for possible fraud.

Posted by Holden Oliver (Kitzb├╝hel Desk) at September 24, 2008 12:59 AM

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