Job Creation!

[Jay]

http://money.cnn.com/2009/01/05/news...ion=2009010518

There is so much irony in jobs coming from the FBI: You need a job? Come work for us and spy on those who are pissed about not getting one and might have the gall to speak up about it.

[D-Mack]

Re: Job Creation!

always doing the wrong thing

The FBI's terrorism trade-off
Focus on national security after 9/11 means that the agency has turned its back on thousands of white-collar crimes


Wednesday, April 11, 2007

Thousands of white-collar criminals across the country are no longer being prosecuted in federal court -- and, in many cases, not at all -- leaving a trail of frustrated victims and potentially billions of dollars in fraud and theft losses.

It is the untold story of the Bush administration's massive restructuring of the FBI after the terrorism attacks of 9/11.

Five-and-a-half years later, the White House and the Justice Department have failed to replace at least 2,400 agents transferred to counterterrorism squads, leaving far fewer agents on the trail of identity thieves, con artists, hatemongers and other criminals.


...
http://seattlepi.nwsource.com/nation...iterror11.html

[D-Mack]

Re: Job Creation!

another one

Wednesday, January 28, 2009

FBI saw mortgage fraud early
Agents say they lacked resources to pursue it

By PAUL SHUKOVSKY
P-I REPORTER

The FBI was aware for years of "pervasive and growing" fraud in the mortgage industry that eventually contributed to America's financial meltdown, but did not take definitive action to stop it.

"It is clear that we had good intelligence on the mortgage-fraud schemes, the corrupt attorneys, the corrupt appraisers, the insider schemes," said a recently retired, high FBI official. Another retired top FBI official confirmed that such intelligence went back to 2002.

The problem, according to the two FBI retirees and several other current and former bureau colleagues, is that the bureau was stretched so thin that no one noticed when those lenders began packaging bad mortgages into bad securities.

"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."


...

http://seattlepi.nwsource.com/nation...ml?source=mypi

[Slimprofits]

Re: Job Creation!

this is as bi-partisan a group as it gets. Maybe they'll attach it as an amendment to the inflation bill.

S.331

Title: A bill to increase the number of Federal law enforcement officials investigating and prosecuting financial fraud.
Sponsor: Sen Schumer, Charles E. [NY] (introduced 1/27/2009) Cosponsors (8)
Sen Bayh, Evan [IN] - 1/27/2009
Sen Durbin, Richard [IL] - 1/27/2009
Sen Feinstein, Dianne [CA] - 1/27/2009
Sen Graham, Lindsey [SC] - 1/27/2009
Sen Roberts, Pat [KS] - 1/27/2009
Sen Sessions, Jeff [AL] - 1/27/2009
Sen Shelby, Richard C. [AL] - 1/27/2009
Sen Tester, Jon [MT] - 1/27/2009
Latest Major Action: 1/27/2009 Referred to Senate committee. Status: Read twice and referred to the Committee on the Judiciary.