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SEC Admits It?s Investigating Bank of America, Wells, Citi, and Goldman

By Implode-Explode Heavy Industries

The SEC is under tremendous pressure to root out the causes of the economic collapse and bring high profile cases to light. After numerous past instances of failing to find corporate wrongdoing and endemic frauds (Bernie Madoff is still the poster child of SEC bungling), this is viewed by many a grand opportunity for the SEC to have a very public victory.

Full post as published by Mortgage Lender Implode-o-Meter on January 18, 2010 (boomark / email).