Thursday, March 20, 2008

This Would Make Tony Soprano Proud!

Yesterday I reported that Goldman Sachs, Morgan Stanley and Bear Stearns were under criminal investigation.

Now the FBI has disclosed that criminal investigations have been launched against 17 companies in the fallout of the subprime mortgage collapse.

The FBI Criminal Investigation Division currently has 1,253 mortgage fraud investigations into all types of mortgage fraud and schemes around the country, including illegal property flipping, home equity schemes and check fraud cases.

Tony Soprano's Goodfella's "ain't got nuttin'" on this den of vipers on Wall Street!

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