Tags: US | Meltdown | Investigation

Crisis Panel Presses Holder on FBI's Mortgage Fraud Focus

Thursday, 14 Jan 2010 10:59 AM

The commission investigating the financial crisis is turning its attention to Attorney General Eric Holder.

At issue is what Holder said was a 2004 FBI warning of a looming outbreak of mortgage fraud and whether the FBI acted on the warning.

Chairman Phil Angelides also is raising the possibility that the FBI's focus on national security concerns after the Sept. 11 attacks might have weakened the bureau's ability to get a handle on the kind of risky banking practices that led to the worst financial crisis since the Depression.

Holder says he'll look into what steps were taken as a result of the FBI's 2004 warning. Holder also says his department is constantly in the process of "reviewing what we can do better."

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The commission investigating the financial crisis is turning its attention to Attorney General Eric Holder.At issue is what Holder said was a 2004 FBI warning of a looming outbreak of mortgage fraud and whether the FBI acted on the warning.Chairman Phil Angelides also is...
US,Meltdown,Investigation
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2010-59-14
Thursday, 14 Jan 2010 10:59 AM
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