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The FBI was aware for years of "pervasive and growing" fraud in the mortgage industry that eventually contributed to America's financial meltdown, but did not take definitive action to stop it.
"It is clear that we had good intelligence on the mortgage-fraud schemes, the corrupt attorneys, the corrupt appraisers, the insider schemes," said a recently retired, high FBI official. Another retired top FBI official confirmed that such intelligence went back to 2002.
Originally posted by Wildbob77
If fraud was being committed and this helped get us into the financial crisis that we find ourselves in, shouldn't this be investigated and those guilty be jailed.
Why should white collar criminals just be ignored.
Originally posted by Maxmars
Remember, the FBI reports to the President. Actions they take, or don't take, are at the behest of, and with authority delegated by, the President of the United States (hence the nickname "The Feds").