From the Seattle Post-Intelligencer: FBI saw mortgage fraud early
“We knew that the mortgage-brokerage industry was corrupt,” the first of the retired FBI officials told the Seattle P-I. “Where we would have gotten a sense of what was really going on was the point where the mortgage was sold knowing that it was a piece of dung and it would be turned into a security. But the agents with the expertise had been diverted to counterterrorism.”
Yet another victim of Cheney era priorities. Osama Bin Laden wanted to destroy America’s financial center and its economy. It seems that by chasing his shadow around the world, we did the job for him.