U.S. Senator Elizabeth Warren and representatives Elijah Cummings and Maxine Waters have not dropped the battle to get the Department of Justice to put some of those responsible for the Great Recession in jail. They were likely prompted by the release last week of a report by the DOJ's Inspector General. They wrote to Mr. Holder, “This report calls into question the Department’s commitment to investigate and prosecute crimes such as predatory lending, loan modification scams, and abusive mortgage servicing practices.”
The report by the Justice Department’s inspector general found that even though the FBI had received $196 million in funding to investigate mortgage fraud activities in the aftermath of the crisis, its offices in New York, Los Angeles and Miami ranked mortgage fraud as either a low priority or not a priority.
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