Tuesday, May 22, 2012

Mortgage and Securitization Fraud: Where Is the Task Force?

Dean Baker |
Dean Baker, Truthout: "A serious investigation would start at the bottom and work up. It would find offices where many of the especially bad mortgages were issued. The investigators would question the mortgage agents about how so much false information ended up on loan forms. After scaring some number of mortgage agents into talking, they would then talk to the branch managers ... This practice could lead to the top levels of the bank."
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