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Saturday, March 8, 2008

Entry for March 08, 2008

Well, I’ll be darned. It is possible that some of those responsible for the mortgage industry misdeeds will face justice after all. We shall see.

As part of an investigation into the mortgage crisis,
the FBI has started a criminal inquiry into the largest U.S. mortgage lender, Countrywide Financial Corp, for suspected securities fraud.

One fish is on the hook so far.

2 comments:

Steve said...

Now if they'll just go after the companies that lure consumers into building up a huge balance on their credit cards and charge interest that should be illegal.

James A. Zachary Jr. said...

Amen!