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Did the FBI Know About Mortgage Fraud Epidemic in 2004

The FCIC has been investigating allegations that claim that the FBI issued a warning in 2004 of a proposed mortgage fraud epidemic. Attorney General Eric Holder has been looking into the warning that the FBI claimed they fully sought out, if they did take action regarding the warning, and what they did to try to prevent it. Poor regulation on behalf of the banks, as well as uncertain banking practices led to the worst economic downfall since the Great Depression. In order to help ensure a crisis like this will cease to exist in the future, President Obama created the Financial Fraud Enforcement Task Force in order to fully manage efforts regarding the Justice Department and other agencies.

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