The unlucky companies on the hot seat for possible fraud during the sub-prime mortgage crisis are likely to have plenty of company in the months to come.
While it’s anyone’s guess exactly where the federal investigations underway at Fannie Mae, Freddie Mac, AIG, Lehman Brothers, and other firms will lead, observers say many more companies are sure to come under investigation as the Justice Department and other enforcement agencies try to get to the root causes of the financial crisis that led to the passage of the massive $700 billion Wall Street bailout.
