FBI saw mortgage fraud early

Source: Seattle Post

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.



"We knew that the mortgage-brokerage industry was corrupt," the first of the retired FBI officials told the Seattle P-I. "Where we would have gotten a sense of what was really going on was the point where the mortgage was sold knowing that it was a piece of dung and it would be turned into a security. But the agents with the expertise had been diverted to counterterrorism."

. . .

Both retired FBI officials asserted that the Bush administration was thoroughly briefed on the mortgage fraud crisis and its potential to cascade out of control with devastating financial consequences, but made the decision not to give back to the FBI the agents it needed to address the problem. After the terrorist attacks of 2001, about 2,400 agents were reassigned to counterterrorism duties.

Read more: http://seattlepi.nwsource.com/national/397690_fbiweb28.html?source=mypi

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How many terrorism cases successfully prosecuted: Zero

How many mortgages issued through corrupt mortgage-brokerage industry: Unlimited

either way.

Keeping their jobs is more important I guess.


The FBI site has public corruption as number four on its priority investigation list where it used to be number one. It still is the number one on their prosecution list which means numbers one through three on the corruption list result in very few if any prosecutions.

Now there's a Mission Accomplished, georgie.

and it might have slowed his economic numbers. For a WH cabal that kept insisting they didn't pay attention to polls they did everything in their power to inflate their numbers in those polls.

and with so many of these scandals, i find myself wondering how much was incompetence and how much deliberate. katrina. 911. this. i don't trust one of those fucks as far as it would take to spit on him/her, and i doubt i will ever have the satisfaction of knowing their true agenda.

...and you'll see just how the family has been enamored with the idea of "depopulation" of lesser peoples. George the Elder was so gung ho about population control and eugenics that his fellow U.S. Congressmen nicknamed him "Rubbers" -- which he hated. Their world view springs from the old New England elitists' romance with Malthusian and Hegelian theories. The resources of the world are finite. A little upheaval now and then that eliminates some of the population is not bad. In chaos lies opportunity for power and profit.

That's the way they think.

But they sure know how to go after high school kids with 'threatening' web sites.

The FBI is a joke. They only know how to intimidate American citizens in small towns.

Story of FBI and a NC high school student below:

http://www.indyweek.com/gyrobase/Content?oid=oid%3A19587

"safe" from terra while ignoring issues that would cost Americans tens of trillions of dollars in loss from the housing market, their 401(k)s, the banking industry, the stock markets, and capital markets. Even a fool should realize that to be safe, the nation needs to be safe and strong in its overall economy, public health, fiscal health, et al. :P

they are part of the crisis

and then weakening the one law enforement agency that could have possibly stopped it in it's tracks. Lay the blame where it belongs, not on the FBI so much as the governmental partners in crime.

More proof that Bu*h and the republicans deliberately destroyed our economy.

Is it treason yet? Or should we call it "financial terrorism"?

Well, we know where they live.

Does it really even matter which? HOP