Just when you think it can’t get any worse for Attorney General Eric Holder, here comes a brand-new scandal, and this one has nothing to do with “Fast and Furious.” Executive Order 13519, signed by Barack Obama on November 17, 2009, established a Financial Fraud Enforcement Task Force that was led by Attorney General Eric Holder. It’s goal was to prosecute fraud and recover assets in economic turmoil that began a year before.
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In 2010, the Mortgage Fraud Working Group organized under the executive order issued its first annual report, boasting that the number of mortgage fraud defendants charged by the U.S. Attorneys’ Offices more than doubled from 526 in fiscal year 2009 to 1,235 in fiscal year 2010. A similar increase was reported in the number of mortgage fraud cases charged, going from 267 in 2009 to 656 in 2010.
As WND has previously reported, Holder has overlooked possibly fraudulent “loan to own” equity recapitalization loans Credit Suisse made to some 15 or more luxury resorts or to various principles involved in the transactions, including supermarket billionaire Ron Burkle, a long-time Democratic Party operative with a history of providing financial support to top Democrats, including Bill and Hillary Clinton.