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View Diary: BREAKING: Justice Dept Misled Public on Mortgage Fraud Probes, Eviscerated By Inspector General (248 comments)

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  •  Not evident from the Exec Summary (1+ / 0-)
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    You've got to get into the intro pages of the full report.  Iexcerpted a substantial chunk of the pertinent section in this comment:

    It includes this paragraph, as well

    Some observers use the term “mortgage fraud” to include mortgage-backed securities fraud, which involves wrongdoing related to the packaging, selling, and
    valuing of residential and commercial mortgage-backed securities. However, the FBI considers this type of misconduct to be a form of securities fraud and not
    mortgage fraud; therefore, we did not include as part of the scope of this audit

    “Texas is a so-called red state, but you’ve got 10 million Democrats here in Texas. And …, there are a whole lot of people here in Texas who need us, and who need us to fight for them.” President Obama

    by Catte Nappe on Fri Mar 14, 2014 at 12:26:56 PM PDT

    [ Parent ]

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