YEAH, LIKE ACORN AND THE CRA WERE RESPONSIBLE FOR THE BIG SHITPILE

That's what the wingnuts and gasbags have been claiming and that piece of agit-prop is going to take another hit when the criminal trials start.

Corporate fraud run amok: FBI investigating over 500 cases
The Associated Press
Published: Wednesday February 11, 2009

By DEVLIN BARRETT

WASHINGTON — The FBI is conducting more than 500 investigations of corporate fraud amid the financial meltdown, FBI Deputy Director John Pistole told the Senate Judiciary Committee on Wednesday, and there is an even bigger mountain of mortgage fraud cases in which hundreds of millions of dollars may have been swindled from the system.
Pistole says there are 530 active corporate fraud investigations, and 38 of them involve corporate fraud and financial institution matters directly related to the economic crisis.
Additionally, the FBI has more than 1,800 mortgage fraud investigations, more than double the number of such cases just two years ago.

There are so many mortgage fraud cases, he said, that the bureau is not focusing on individual purchasers, but industry professionals generating fraud schemes that could total as much as hundreds of millions of dollars.

"It is a matter of lawyers, brokers or real estate professionals that are systematically trying to defraud the system," Pistole said.

The WaPo reports that among the 38 are "American International Group, Countrywide Financial, Fannie Mae and Freddie Mac."