I got the chance this lunchtime to leaf through today's copy of the Palo Alto Daily News, and spotted this great paragraph from their article about the proposals to pump $700bn into the American financial system:
"The FBI is looking at potential fraud by mortgage giants Fannie Mae and Freddie Mac, Lehman Brothers Holdings Inc. and insurer American International Group Inc." said two officials, speaking on condition of anonymity because of the sensitivity of the investigations.
I just loved the implication that the overriding concern here was that we should not know who it was that was disclosing (to the congressional hearing on the proposals) that the FBI was conducting an investigation. I mean, it's kind of on the public record already that the financial institutions have messed up, and presumably if the FBI turn up and start asking questions, they admit that that's who they are...
The next sentence in the article was a winner too, in its own way:
"The inquiries, still in preliminary stages, will focus on the financial institutions and the people who ran them, one senior law enforcement official said."
No kidding.
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