Saturday, November 1, 2008

Bush Blocking Investigation of Mortgage Meltdown

Would you investigate a crime you knew you were responsible for?

No, you would COVER it UP, wouldn't you?

Also see:
FBI Says Bailout Bill Encourages Fraud

"Bush administration denies funding for FBI probe of mortgage mess; Many more agents needed, official says

October 31, 2008

by PAUL SHUKOVSKY AND DANIEL LATHROP

The Bush administration is rejecting FBI pleas for more agents to investigate crimes that helped trigger the global financial meltdown, bureau sources said this week.

The administration -- in reinventing the FBI after the 2001 terrorist attacks -- shifted about 2,400 agents from traditional crime-fighting squads to counterterrorism units, according to a Seattle P-I analysis of FBI data. At least 1,700 of those agents haven't been replaced, and the latest Bush budget continues that trend.

The P-I has chronicled the result for the past 18 months, finding a dramatic drop in the number of crimes investigated by the FBI nationwide. The bureau needs at least 300 to 400 more agents investigating the financial crisis, the official said. Bush's proposed budget calls for increasing FBI funding in 2009 by $451 million, to $7.1 billion. That includes funding 280 additional agents for national security programs, but adding none for criminal programs.

The agent shortage presents the FBI's remaining white-collar crime investigators with an impossible challenge: confront a mushrooming number of complex corporate investigations, each of which requires agents that the bureau doesn't have to give to it.

Translation: No one is even following the lying looters on their way out. In fact, they just got a pile of taxpayer loot.

An additional 1,000 agents would be needed to handle the current inventory of cases stemming from the financial meltdown. Since 9 /11, even partially restoring the FBI's crime-fighting capabilities has not been an administration priority.

Almost as if the LOOTING had been PLANNED! Get everyone looking THAT WAY while they picked our pockets!

Anthony Bladen, the FBI's assistant director for resource planning, said in May that it's hoped that by spending more for counterterrorism agents, there will be less pressure to tap remaining criminal agents for those duties.

Why tap the FBI guys to do FRAME-UP JOBS based upon a pile of lies?

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