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Life must be so placid and calm on Planet Forbes.
Ah, good old neoclassical economics. "Higher prices lead to higher supply... what... higher prices haven't led to higher supply? Um... well... interest rates.... hedge funds? I dunno. Somethin'. Supply will jump! Honest! Hey, look at this beautiful bridge, you know that's for sale? Just one dollar, I tell ya."
You forget,under this administration life has been very very good for the "Forbes" crowd.My guess is ,with the Monoline crisis,and other financial woes,things will be changing soon,and not for the better.
Hell hath no fury like a bunch of FWOs beating the Guayan country side in search of the likes of the fleeing 'Forbes Crowd'. Their biggest problem is that they are stuck on this planet, which they devestated, with us...No amount of dollars will solve that little problem.
FBI Director guarantees securitized mortgage fraud prosecution
FBI Director Robert Mueller on Thursday said the agency was committed to investigating and prosecuting companies involved in mortgage fraud and other violations in connection with home loans made to risky borrowers.
The bureau on Tuesday disclosed it was working with the Securities and Exchange Commission to investigate 14 unidentified companies, from mortgage lenders to investment banks, for possible accounting fraud, insider trading or other issues connected to subprime mortgage lending.
The FBI allocated substantial manpower and resources to address the Saving and Loan crisis in the early 1990s and corporate fraud earlier this decade and Mueller said he was prepared to do the same to address fraudulent lenders.
The FBI is looking into the practices of so-called subprime lenders, as well as potential accounting fraud committed by financial firms that hold these loans on their books or securitize them and sell them to other investors.
http://argusobserver.com/articles/2008/02/01/news/doc47a386cbdfdbe259929...