April 21, 2009

You Knew It, Right?

Federal investigators have launched 20 (say that again. 20!) investigations into possible securities fraud, insider trading, and tax violations in the $750-billion financial bailout program, the Los Angeles Times reports. The cases mark the first wave on probes into possible corruption in the TARP program, and the total fraud involved could reach the billions.


You just knew this was going to happen.

3 Comments:

hilinda said...

Yep, pretty much knew it would happen. Nothing like someone else's money to bring out the corrupt nature of a lot of folks.

Terrant said...

Yup... total shocker (sarcasm)

Anonymous said...

Who'da thunk it?