These losses have been localized in the agencies’ mortgage-backed securities portfolios, built up around 2006-2007 at the height of the housing boom, and consisting of thousands of “non-qualifying” mortgages that Fannie and Freddie based … The Attorney General seems to have no interest in this gold mine of prosecutable information, and no task force of lawyers and FBI agents has been set up in Washington to look into this cesspool of fraud , deceit, malfeasance, bribery, …

Excerpt from:
European Tribune – Community, Politics & Progress.