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HomeFCIC Should Ask Bear Stearns Execs About EMC Mortgage
Posted by Larry Doyle on May 5th, 2010 12:04 PM |
Will America ever truly learn the full extent of fraudulently underwritten mortgages that lie at the foundation of our overall economic crisis?
Aside from a less than fully transparent hearing with executives from Washington Mutual, the Financial Crisis Inquiry Commission (FCIC) has not drilled down to fully expose the fraud within these mortgages. Former bank regulator William K. Black recently highlighted the pervasive nature of this fraud in an interview with Bill Moyers.
Why doesn’t the FCIC dig deeper to reveal which firms were involved with this activity? (more…)
