The Alabama Moderate

Painting the Red State Purple.

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Larry Langford: Tip of the Iceberg

Posted by ALmod on March 25, 2009

With JP Morgan back in the news, it’s hard for this Alabama native to not think back to the other things that JP Morgan and a few of its fellow Wall Street firms are involved in.  When you live here, and this is such big news here, you have to wonder why it’s not getting a lot of national attention.

Well, as it turns out, Larry Langford isn’t so special, after all.

The FBI, already strained by more than 2,000 cases of corporate fraud, is bracing for a fresh wave of public corruption amid the economic crisis, FBI chief Robert Mueller said Wednesday.

“Public corruption is our top criminal priority. We have 2,500 pending public corruption investigations — an increase of more than 58 percent since 2003,” Mueller told a Senate hearing.

Yikes!  I suppose I can’t say that I’m surprised at public corruption on a massive scale.  I just wan’t expecting quite as much as what the numbers show.

Well, we know how many of those cases involve Larry Langford, but you have to be at least a little curious as to how many of those cases involve JP Morgan and other Wall Street firms.

“In addition, the FBI has more than 566 open corporate fraud investigations, including matters directly related to the current financial crisis,” Mueller said.

Well, I suppose that answerd that question.

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One Response to “Larry Langford: Tip of the Iceberg”

  1. […] As was reported a while back, the FBI is positively backlogged with so many cases of public corruption and financial scams, which means that this stuff has been going on long enough. […]

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