MORE ON THE "MORALS OF THE MARKETPLACE"

In addition to Bernie Madoff and others who have been in the news recently, there are 100s, perhaps 1000s more to come. This is from FBI Director Robert S. Mueller before the Senate Judiciary Committee yesterday¹:

Economic crime is, of course, a critical concern, now more than ever. For example, the FBI's mortgage fraud caseload has more than doubled in the past three years, from 700 to more than 2,000 active investigations, and we currently have more than 560 pending corporate fraud investigations, including cases directly related to the current financial crisis.

¹Federal News Service
March 25, 2009 Wednesday
HEARING OF THE SENATE JUDICIARY COMMITTEE;
SUBJECT: OVERSIGHT OF THE FEDERAL BUREAU OF INVESTIGATION (FBI);
CHAIRED BY: SENATOR PATRICK J. LEAHY (D-VT);
WITNESS: ROBERT S. MUELLER III, DIRECTOR, FEDERAL BUREAU OF INVESTIGATION, UNITED STATES DEPARTMENT OF JUSTICE;
LOCATION: 216 HART SENATE OFFICE BUILDING, WASHINGTON, D.C.
SECTION: CAPITOL HILL HEARING
LENGTH: 22637 words