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...