New task force to investigate mortgage-backed securities
Back in April of last year, we reported on the case of Charlie Engle, a professional ultra-marathoner who had been convicted and sentenced to prison time for lying on mortgage applications. It was a story originally reported on by New York Times columnist Joe Nocera, who questioned why the government had gone to such great lengths to prosecute Engle, while the lenders and banks responsible for the subprime mortgage crisis had not faced criminal punishment.
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