More FBI agents sought to probe financial crimes

[sabra]

Source: Reuters

WASHINGTON, May 7 (Reuters) - The U.S. Justice Department's proposed $26.7 billion budget for fiscal 2010 included more FBI agents to investigate mortgage fraud and white-collar crime, Attorney General Eric Holder said on Thursday.

In prepared testimony to a Senate appropriations subcommittee, Holder said the 3.8 percent increase in the total budget from the previous year included more money for combating financial fraud and for a number of other areas.

Increased funding would be used for "additional federal prosecutors, civil litigators and bankruptcy attorneys to protect investors, the market, the federal government's investment of resources in the financial crisis and the American public," he said.

The FBI has said it has 43 corporate fraud cases under investigation directly related to the financial crisis, and they include allegations of financial statement manipulation, accounting fraud and insider trading.

Read more: http://www.reuters.com/article/bondsNews/idUSN0738232320090507

[leveymg]

1. They should have 4300 corporate fraud cases under current investigation.

And 430,000 tax cases. Go after every high-income offshore account holder.

[Democrats_win]

2. One small step for man, one giant leap for mankind.

It's still too few on all counts. It should be the way it was for farmers: one government agent for every farmer. :)

But with these guys, they're all crooks so it would take nearly everyone in the federal government plus all the kings men to properly go after them.