Tag Archives: FBI

Mueller: I Crippled FBI Effort v. White-Collar Crime, My Successor Will Make it Worse

Posted on August 26, 2013 by Devin Smith | 7 comments

By William K. Black
(Cross posted at Benzinga.com)

FBI Director Robert Mueller is taking his victory lap as he steps down after 12 years of service. I have done three articles in a series that explains how the Mortgage Bankers Association (MBA) conned the FBI into adopting the Tea Party’s mythology about the causes of the crisis – virginal banks beset by ultra-sophisticated fraudulent hairdressers. The MBA created a faux definition of mortgage fraud under which the bank and its senior officers were always the victims instead of the perpetrators.

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Posted in William K. Black

Tagged accounting control fraud, banksters, FBI, mortgage fraud, Robert Mueller, white collar crime

Obama’s FBI Channels the Tea Party: Partner with the Banks and Blame the Poor for the Crisis

Posted on August 19, 2013 by Devin Smith | 1 comment

By William K. Black
(Cross posted and Benzinga.com)

Introduction

This is the third column in my series discussing why the FBI and the Department of Justice (DOJ) have failed to investigate and prosecute successfully the largest and most destructive financial fraud epidemic in history. The series uses the FBI’s 2010 Mortgage Fraud report to tease out how the FBI and DOJ suffered such a defeat.

The MBA conned the FBI into a “partnership” with the trade association of the “perps.” In my prior column I showed the first product of the partnership – a poster warning customers not to defraud banks but ignoring banks defrauding customers. This column discusses the more consequential and damaging product of the FBI/MBA partnership. The MBA presented a definition of “mortgage fraud” under which the bank is always the innocent victim and never a perpetrator. Because the FBI and DOJ did not draw on the banking regulators’ expertise due to the death of criminal referrals by the agencies the FBI fell for the MBA con.

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Posted in William K. Black

Tagged appriasers, banksters, FBI, MBA, Mortgage Bankers Association

The Incredible Con the Banksters Pulled on the FBI

Posted on August 16, 2013 by Devin Smith | 12 comments

By William K. Black

This is the second in my series of articles based on the FBI’s most (2010) “Mortgage Fraud Report.”

In my first column I began the explanation of how many analytical conclusions one can draw from a close reading of what is left out of the FBI report.

In particular, I emphasized the death of criminal referrals by the SEC and the banking regulatory agencies. The FBI report implicitly confirms the investigative reporting of David Heath that first quantified the death of criminal referrals by the banking regulatory agencies.

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