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FBI investigates sub-prime crisis

29 January, 2008 (18:14) | Political

Last Updated: Tuesday, 29 January 2008, 22:33 GMT
The FBI is concerned about mortgage fraud
The FBI is investigating 14 companies embroiled in the sub-prime mortgage crisis as part of a crackdown on improper lending.It did not identify the companies but said the investigation encompassed developers, sub-prime lenders and investment banks.

FBI officials said the agency was looking at instances of accounting fraud and insider trading.

Prediction: No GOP contributor will be indicted. All Democratic contributors will be indicted in time for this to be used against the Democrats in November :)

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