Published — February 9, 2009 Updated — May 19, 2014 at 12:19 pm ET

Investigative armada unleashed on sub-prime mortgage mess


The news may spell economic doom and gloom, but seems there’s hardly been a better time to be a civil or criminal investigator. PaperTrail’s eye was caught by a new newsletter — “Global Fact Gathering” by the James Mintz Group, a private investigative firm — which maps out an “investigative armada” that has descended into the current sub prime-mortgage morass. There are FBI agents assigned to white collar crime, embattled SEC investigators, state auditors, forensic accountants, private investigators, all trying to try to sort out “alleged wrongdoing and conflicts of interest in the mortgage and financial industries.”

The economic tangle these investigators are trying to unravel (neatly laid out in the below graphic from the Mintz team) begins with appraisers (alleged to have inflated home values) and follows a path through mortgage lenders (alleged to have misrepresented the quality of their loans in SEC filings), with occasional pit stops at brokers and underwriters (along with more allegations), before ultimately landing on the welcome mats of eager homeowners across the country. And that’s only the left side of the chart; just wait until the investment banks and their ilk get involved.

Other investigative angles being pursued:

• Credit rating agencies that caved to pressure to issue top ratings to securities backed by shaky mortgages.

• Loan brokers and lenders who may have exaggerated borrowed income and overstated home values.

• Investment managers alleged to have “misled investors about the riskiness of their investments in sub prime-mortgage-related securities.”

With companies shedding jobs like crazy, now might be a good time to switch careers and become a civil or criminal investigator. It looks like a gig that will be in demand for quite a while.

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install itunes on windows 7Bob FrankstonLinda GordonET69Jello Beyonce Recent comment authors
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sam fetters
sam fetters

What do AT&T, Verizon and Crown Castle International Corp have in common? The largest institutional shareholders of each includes firms like: Vanguard, BlackRock, State Street (the “Big Three”), Invesco, Fidelity (FMR), JP Morgan, Wellington Management, Geode, T Rowe Price, Bank of America, and other of the largest money-management and investment firms, whom operate collaboratively (even comprising the largest shareholders of each other), forming virtual monopolies amongst the largest “competing” corporations, in most every single industry, via large share holdings. (source = These are the same firms whom also largely own the third largest telecom, T-Mobile. The own the largest… Read more »

Jello Beyonce
Jello Beyonce

I’ve a theory that the supposed “Trade Wars” and “sanctions” and political/military strife going on between the U.S., China, Russia, etc. are merely distractions, serving to divert attention away from the growing authoritarianism and Oligarchic control spreading across the globe. “Nationalism” is being used as a propagandist covert means of continued increasing Globalism. As this article states: “A Russian woman stood up to speak at one of these public meetings, and she said that when she lived in Russia, the government slam dunked her and she had no say,” King said. “Now she lives in the United States of America,… Read more »


Marx was right about capitalism . Capital gets more and more concentrated in fewer and fewer hands. There is no way out of this greed. We need socialism!

Linda Gordon
Linda Gordon

5g is a kill grid. The depployment of this weapon is an act of terroism genocide and ecocide. The marketers need to be jailed as terrorists.

Bob Frankston

The real issue with 5G is that it’s an attempt to roll back the Internet and return to the telecom of the 1970s when the phone company controlled all.

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