Mortgage Fraud Epidemic: How the FBI Blew It and Why There's No 'Perp Walks'

After we fulfill the leftist media's dream of arresting all the bankers, can we also arrest the hundreds of thousands of people who lied on their loan applications? Too many welfare recipients who bought expensive houses are getting a free pass.

After we fulfill the leftist media's dream of arresting all the bankers, can we also arrest the hundreds of thousands of people who lied on their loan applications? Too many welfare recipients who bought expensive houses are getting a free pass.

After we fulfill the leftist media's dream of arresting all the bankers, can we also arrest the hundreds of thousands of people who lied on their loan applications? Welfare recipients who bought expensive homes are guilty too, but they get away with it because they vote Democrat.

HEY... THE FBI WAS BUSY... chasing "ECOTERRORISTS"... you remember "ecoterrorists"... the morons who scratched and damaged some Escalades monster SUVs and burned some ski resort condos etc... These people were a serious threat to the safety and security of all americans... look at what happened to GM and Chrysler... ecoterrorism at work ...

The reason they missed it is because law enforcement tend to focus on the low hanging fruit like wasting time busting pot heads who hurt no one. It is no surprise to me that they had their head in the sand on this. Plus, the Bush administration lead everyone to believe that everything was fine! McCain was also at sleep thinking everything was fine. We need radical change and thank God we've got it in President Obama. Not the type of radical change Hannity will claim, but the kind that says no one is above the law like the way Bush allowed.

Yes, George W Bush aided and abetted the Republican Culture of Corruption and we still have the criminals in place - like Geitner and Sommers who should be in jail rather than advised the President of the United States.

Yes, I do believe that there are protecting the big banks. I have sent my mortgage to several government offices and even though they say there are things wrong with it, they do nothing. All the homeowners can not hav overspent and it hit like this all at ones. It is not the homeowners fault that all these companies went under, so they have no job. But yet the banks can get millions of dollars to stay in business. The government says that they are to big to fail. THE AMERICAN PEOPLE ARE TO BIG TO FAIL. So, if they get the bailout money to pay big bonus, buy things that make them money, trips, and their big houses, etc. And then say that can't lend money because its irresponsible, they can that the risk. They sure don't look like they are worried about where they are going to eat or if they are going to lose their house. I guess the government has changed the constitution its not BY THE PEOPLE, FOR THE PEOPLE, ITS BY THE PEOPLE, FOR THE BIG BANKS.

People, nations, and entire planets rise and fall like waves in the sea of time without ever leaving a trace.

There are no mortgage fraud cases because they can't find a republican to pin it on without taking down or implicating a bunch of democrats in the process. ACORN, Fannie Mae, Freddie Mac all democrat cronies, all guilty in this mess. That is change you can believe in.

You're not going to see a real investigation either, because a certain political party in power doesn't want their dirty little finger prints to be exposed. Self-serving political manipulation of the mortgage market made the conditions prime and ignited the wildfire that capital market greed spread.

William Black was on with Bill Moyers on PBS and gave the best presentation of what happpend and why I have seen. William Black should be the Treasury Sec. Not Turbo Tax Timmy Giethner. The other interview is about 25 minutes and worth every second to watch. Its posted at PBS under Bill Moyer... This is to short and interview to really do this justice.

Round them up evidence or not and send them to Gitmo! They terrorized financial markets to the brink of collapse.

The real reason why there have been so few prosecutions of mortgage fraud is probably that the government didn't want to go after so many minority loan officers and borrowers.

Get Rudy Giuliani as a special prosecutor so he can label these financial crooks as mafia-types and let the prosecutions begin.

Essentially every agency in the United States has failed us since 2000. We are spending billions of dollars paying for goverment salaries to just sit there like an "egg in a carton". We don't need any more regulations we just need people to do their job..... about that for a radical idea.

I personally have turned in 3 huge fraud rings in Florida and the FBI said they were too busy or it was not large enough, although it was in the tens of millions they wanted billions in value. There is not enough manpower to address the problem. And, it is still GOING ON!

It's up to us to start the ball rolling. My small town is having a TEA PARTY on the courthouse grounds - April 15. Every town and city in the courtry should have one also. Let your elected officials know they are being watched and exercise your vote.

since the death of the greatest crime fighter the world has ever seen, j. edger hoover. the fbi has become a hollow shell of its former self. people used to fear the fbi, now its a bafoon orgnization to laugh at.

I should mention this also, no newspaper is willing to report specific abuses that lead to the problems. A good documentary on specific cases the FBI won't pursue would be great to bring out the shame of the authorities.

Until there is "Jail Time" - until more of the Bernie Madoffs of the "government" and "Mortgage Industry" are dragged into jail and justice is done, trust cannot be restored! Without trust, the markets are stuck in a time zone!!! The FBI, The SEC, and the Bush Cronies- Phil Gramm, Christopher Cox, Paulson, etc- all are responsible. Obama needs to fire anyone left from the Bush cronies and forget "playing nice" with the Republicans. It is time to stand up and do what's right for Main Street and Screw Wall Street--They have screwed America. Under Bush, there was an absence of morality and an unwinding of Social Contracts.( Isn't this the fabric of America and what the world depends upon for growth.) " Restore the Glass-Siegal, restore the UPtick Rule" immediately and uncover the mass fraud by printing lists of names and what they did to unravel the American Way. Whatever happened to the 49,000 name of wealthy taxpayers who escaped their tax burdens by illegally hiding money in Swiss Banks??????? Get those names out there and get those people in jail. Don't allow immunity just because they are wealthy and powerful. Get rid of the double standard NOW!!!!!!!!! Markets will not return, our economy will continue to fall- until we -Restore Justice!!!!