FBI Investigates Possible Front Running of Fannie Mae, Freddie Mac in Trader Scam
Steve Neavling ticklethewire.com The FBI is investigating whether Wall Street conspired to rig rates on Fannie Mae and Freddie Mac to manipulate the key derivatives market, Reuters reports. Agents said the traders swapped messages through hand signals and ring tones to manipulate large orders by Fannie Mae and Freddie Mac. Reuters wrote that a former…