Like 9/11 Attacks, Federal Agencies Missed Clear Warning Signs of Financial Crisis
As Congress opens hearings this morning on who is to blame for the financial crisis, an ABC News investigation has found that the FBI and other federal agencies failed to spot the warning signs of massive fraud in the home mortgage business that led directly to Wall Street.
"The failure to connect the dots," Connecticut Attorney General Richard Blumenthal told ABC News, "is completely reprehensible and should now lead to strong and effective indictments and prosecutions for fraud."
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