FBI works with SEC in mortgage probe

The FNI refused to name the entities under investigation but they are working with the Securities and Exchange Commission on a subprime inquiry. The Federal Bureau of Investigation has opened criminal inquiries into 14 companies as part of a wide-ranging investigation of the troubled mortgage industry, F.B.I. officials said Tuesday. The F.B.I. said it was …

Lost Jobs Coupled with Reduced Income Results in Foreclosed Homes

A contentious point and one I found alarming is a result of company reduction, off shoring services, and the flight of manufacturing from the United States. We are told new jobs are being “created”, but at what expense? It became more difficult to find new employment and most new jobs were lower paying and lacked …

Opportunistic marketers pushed laws to the limit

Shifting political sands in America and Europe, especially after the 9-11 terror attacks and concerns of a probable slowdown in developed economies are encouraging Islamic investors to turn their focus into growth economies like India and China. Saudi Economic and Development Company (Sedco) and Bearys Group have come together to invest $20 million for the …