AP Source: FBI Looking at Foreclosure Mess

By: Associated Press
By: Associated Press

Washington, D.C. (AP) - A federal law enforcement official says the
FBI is in the initial stages of trying to determine whether the
financial industry may have broken criminal laws in the mortgage
foreclosure crisis.
The law enforcement official says the FBI is at the start of a
lengthy sorting-out process in which agents will look into what
caused the financial institutions to mishandle the flood of
paperwork in the historic avalanche of foreclosures.
The official says the question is whether financial institutions
were acting with criminal intent or were simply overwhelmed by
events in the wake of the housing market's collapse. The official
spoke on condition of anonymity because the investigation is just
getting under way.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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  • by watcher Location: nearby on Oct 20, 2010 at 01:43 PM
    @ Anonymous on Oct 20, 2010 at 09:02 AM,,,you can thank past Republican President Richard Milhouse Nixon for completing the removal of our currency being backed by gold. Those provisions also gave the Federal Reserve (NOT a part of our federal government) more power and control of our money. I believe there will be many(not all) families who tried to do right and still lost their homes and they may find that they should have not be evicted and may still legally own the property.
  • by Anonymous on Oct 20, 2010 at 11:20 AM
    Its not all fraudulent. The people in these homes know they haven't paid on their mortgage. This is a fact (not fraudulent). The paperwork needs to be right, but just because they have to redo the paperwork, does not make it fraudulent. It just means that these banks haven't done their due diligence to get the paperwork right. They will get the paperwork right, and these homes will soon be foreclosed on. What does this have to do with the FEDS printing money?
  • by Anonymous on Oct 20, 2010 at 06:02 AM
    They need to be investigation the FEDS magic money prinitng machine. Our dollars aren't backed with Gold like it's supposed to work.
  • by Anonymous on Oct 20, 2010 at 04:46 AM
    It's all fradulent. IF they wanted to do something-they could.
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