US Senate Passes Financial Fraud Bill - Just another day in the mortgage mess

I guess it is better late than never, that Congress passes a bill that should have been passed five years ago. The bill takes direct aim at fraudulent or subprime mortgage loans, an underlying cause of the mortgage crisis in the United States. With this bill, It also gives agents from the FBI, the Secret Service and the Security and Exchange Commission (SEC) extended authority to investigate and prosecute such crimes.

To read the entire article, go to http://www.google.com/hostednews/afp/article/ALeqM5gLaedB9EqeCkhdpzWjavYzWmdWUg

This is the most make sense bill passed thus far by Congress, regarding this financial mess. My hat is off to Senate Democratic Majority Leader Harry Reid.

Stay tuned...I have more to share. Just another day in the mortgage mess!