Sunday, October 19, 2008

The New York Times-Oct 19th 2008

I was very interested to find this article in the New York Times today.

Particularly this section here. I smell conspiracy pooh here. There are a lot of people suggesting that this financial crisis is a part of a bigger strategy and to be honest, it seems hard to have not seen it coming. Yes I did, along with lots of others!

"Since 2004, F.B.I. officials have warned that mortgage fraud posed a looming threat, and the bureau has repeatedly asked the Bush administration for more money to replenish the ranks of agents handling nonterrorism investigations, according to records and interviews. But each year, the requests have been denied, with no new agents approved for financial crimes, as policy makers focused on counterterrorism.

According to previously undisclosed internal F.B.I. data, the cutbacks have been particularly severe in staffing for investigations into white-collar crimes like mortgage fraud, with a loss of 625 agents, or 36 percent of its 2001 levels."

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