U.S. Forms Financial Fraud Task Force

(AP)  The Obama administration has formed a new task force to target financial fraud - replacing an earlier corporate fraud task force.

Attorney General Eric Holder says the new group will have a broader scope - and incorporate state investigators as well as federal agencies - to investigate and prosecute financial crimes that worsened the market collapse.

The attorney general made the announcement standing with officials from the Securities and Exchange Commission, the Treasury Department, and the Department of Housing and Urban Development. The task force replaces one created in 2002 by the Bush administration following the corporate scandals surrounding WorldCom, Enron, Adelphia, and other firms.

[taxpayingvoter]

it is amazing that we have to start all of these probes and start a lot of new agencies to help stop the fraud and injustices that the bankers and wall street have caused. I thought that the prison system was for that. Lock the whole pile of them up and go to some other school besides Harvard to find ceo's. How many of the financial palaces have been run by harvard grads? I forgot that harvard opened a new college, the College of theft and larceny, a CEO's dream school

[ajvw]

they need to start with the secretary of the treasury

[a2fly]

Harr - Harr -Harr.....laugh......laugh.....laugh.....like they really going to do something nasty to the boys and girls on wall street. Arrest all the banksters.....laugh...laugh....laugh......Better clean house in Washington first. Laugh....laugh....laugh. Harr - Harr - Harr.