No, It Wasn’t a Scam January 30, 2008
Posted by Webmaster in Banking & Monetary Policy, Racial Differences, Racial Pandering.trackback
FBI in subprime crackdown
The Federal Bureau of Investigation is investigating 14 companies for possible accounting fraud and insider trading offences related to subprime mortgages.
The development, another sign of fallout from the subprime mortgage crisis, comes as light regulation of the industry – in particular mortgage brokers – has been blamed for mis-selling and abuse of mortgage products.
The Securities and Exchange Commission already has about three dozen different investigations into a range of subprime-related issues.
Bill Carter, an FBI spokesman, said the agency had been working “very closely” with the SEC, with some of the latest investigations moving “in parallel”. He declined to name the companies involved.
Still promulgating the fiction that the subprime crunch is entirely a result of evil mortgage companies tricking gullible people (mostly non-whites) into accepting snake oil, are we?
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