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View Diary: Our Economy: MASSIVE FRAUD By Mortgage Industry. (269 comments)

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  •  Massive investigation needed... (2+ / 0-)
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    WI Dem, get the red out

    as well as prosecution, conviction and jail time for the guilty.  The FBI is currently investigating530 cases of corporate fraud and 1800 cases of mortgage fraud, focusing on:

    "...Industry professionals generating fraud schemes...agents have seen some instances of organized crime getting involved in mortgage fraud"...

    This report was in the published in the International Herald Tribune on February 11, 09, yet I have not seen one mention on any cable "news" network of a story that, IMHO they should be all over.  

    Shouldn't journalists be asking the politicians to find out and tell the public:

    - The extent of the corporate fraud.

    - How much it contributed to the economic meltdown.

    - Whether corporations being investigated for fraud are or have been recipients of federal money.

    - How much this fraud has cost individuals and the treasury.

    - The extent of the involvement of organized crime on Wall St. and in the mortgage industry?  

    Instead, the media pundits, like Santelli howl in outrage at the victims of the criminals, instead of seeking and exposing the truth so that the true engineers of the meltdown can't repeat their grand theft schemes.

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