Eric Holder, State And Federal Prosecutors, Preparing For Surge Of Financial Fraud Cases

New York Times:

Spurred by rising public anger, federal and state investigators are preparing for a surge of prosecutions of financial fraud.

Attorney General Eric H. Holder Jr. is reported to be considering whether to form a task force to centralize the effort against financial fraud or to allow state attorneys general to develop cases on their own.

Across the country, attorneys general have already begun indicting dozens of loan processors, mortgage brokers and bank officers. Last week alone, there were guilty pleas in Minnesota, Delaware, North Carolina and Connecticut and sentences in Florida and Vermont -- all stemming from home loan scams.

Read the whole story: New York Times