U.S. Seizes Key Cogs for Credit Unions

| March 31, 2009

It looks like the Credit Unions may be next to get into hot water…………………..funny thing is they all say everything is just fine, until it isn’t.        In the latest move by federal authorities to prop up the nation’s banking system, regulators late Friday seized control of the two largest wholesale credit unions in the U.S. […]

FBI Ramps up Probes of Financial Mortgage Fraud

| March 31, 2009

Not surprising to say the least……………………………The number of probes by the Federal Bureau of Investigation into corporate fraud and mortgage fraud is growing by the month.FBI Deputy Director John Pistole told a House panel Friday that the bureau has more than 2,000 open investigations into mortgage fraud as well as 566 corporate-fraud investigations.Mr. Pistole said 43 of those corporate-fraud […]

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