Thursday, April 17, 2008

List Of Lenders Investigated In FBI Probe Now Up To 19

In Washington, D.C., ABC News reports:
  • The FBI has again expanded its probe into the subprime mortgage collapse and is now investigating 19 lending institutions, bureau director Robert Mueller told lawmakers [yesterday]. Appearing before a Senate Appropriations subcommittee, Mueller told the panel that there has been a "surge related to the subprime debacle." The investigation has been growing since January, when the FBI began looking at 14 firms. That number rose to 17 last month.

For more, see Mueller: 'Subprime Debacle' Probe Expanded (FBI Director Says 19 Lending Institutions Under Investigation).