Jun
13
Last month, I did a blog entry on how mortgage fraud cases were up and stretching the resources of the FBI.
Now we have further evidence of that with Bloomberg reporting that the FBI has pulled agents off financial crimes cases so that they can focus on subprime. Clearly, this problem is getting bigger than anyone expected.
Are you this naive? The FBI is part of a Bush administration attempt to portray banks as victims of fraud as opposed to perpetrators. The FBI should ignore mortgage fraud and go after Wall Street fraud.