Congressman wants FBI to release details of financial crisis investigations

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We want to ensure that the FBI has the resources to combat the problems that have arisen out of the global financial crisis that started in the United States with the subprime mortgage meltdown and we want to make sure that FBI has the resources to investigate questionable activity.

Representative Bill Pascrell, D-NJ, feels the same way and he wants answers. Pascrell, who serves on the House Ways and Means Committee, sent a letter Tuesday to Federal Bureau of Investigations Director James Comey, calling on the FBI to release the details on its financial crisis investigations.

In the wake of the 2007-2008 financial crisis, in addition to buying trillions of dollars in bonds (a strategy called “quantitative easing,” or QE), the Fed supplied four of the biggest Wall Street banks with an injection of $7.8 trillion in secret loans. The move was meant to stimulate the economy, but really, it coddled the banks.

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Sen. Elizabeth Warren wants the FBI to explain why people involved in causing the 2008 financial crisis didn’t face criminal prosecution.In a new letter to FBI Director James B. Comey, the.

The FBI has opened investigations into more than 500 cases of alleged corporate fraud, including 38 that involve major firms and are "directly related" to the national economic crisis, FBI Deputy Director John Pistole told Congress today.

The FBI has long been regarded as the world’s premier law enforcement agency – and it still is. But the attacks of September 11, 2001, changed the course of American history, and of the FBI’s history.