Umm, Mike, that herd of horses already out the barn...
"Justice Dept. investigating subprime lending crisis The Justice Department is conducting a broad review of the subprime lending crisis to see if there is a "larger criminal story" to the mortgage meltdown, Attorney General Michael Mukasey said. Mukasey said the agency hasn't decided if the turmoil merits a response similar to the Bush administration's corporate fraud crackdown that began in 2002 after the collapse of Enron Corp.
Oh, this is WAY WORSE than that!!!!!
Of course, nothing significant changed after Enron, so Bush's Justice investigat... never mind.
Still, he said the department's criminal division is weighing how to address the issue. The FBI, the Justice Department's investigative arm, has said this year it was investigating 14 corporations for possible accounting fraud related to the mortgage rout; the number now is almost 20 (Bloomberg)."
Yeah, nothing like getting right on it, maybe...
How about those BILLION DOLLAR Bear-Stearns bonuses given out about three months ago?
How 'bout starting there, Muke?
A spin on the waterboard help you make up your mind?
Twirl an exec or two and see what happens, 'eh?
