Should FBI investigate Public Homebuilders
So finally the FBI is investigating AIG, LEH, Fannie and Freddie for fraud.
What about the public homebuilders? Have they been properly representing the fair value of the assets on their books while insiders have been dumping shares?????
What about the impairments...have they been sandbagged to make the results look better as insiders dumped shares????
What about guidance that they knew or should have known they would never achieve as they dumped shares???
Are the Public Homebuilders next????