5/22/2023 0 Comments The Divide by Matt TaibbiNo wonder, writes Matt Taibbi, a reporter known for exposés in Rolling Stone on the banks’ rigging of financial markets. warned that “mortgage-fraud crimes have reached crisis proportions.” He vowed bravely to fight back, but the Justice Department’s inspector general recently reported that, in fact, Holder’s department has made Wall Street crime its lowest priority and that, since 2009, the FBI has closed 747 mortgage-fraud cases with little or no investigation. In 2010, Attorney General Eric Holder Jr. In a speech last year that chilled Wall Street, New York Federal Reserve President William Dudley said he feared that the tax dodging, money laundering, mortgage fraud and trampling on homeowners by America’s big banks might reflect not just a few bad actors but ethical flaws deep in the fabric of Wall Street.
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