Fraud vs Terrorism -

Can you imagine how much sooner Bernie Madoff would have been caught if the FBI focused on fraud more than terrorism? We have spent so much time trying to catch the phantom terrorist that we have let our financial system run wild.

It looks like the FBI may have finally caught on. If they would have looked for guys like Madoff as hard as they shake the rest of us down at airports, maybe the mortgage debacle wouldn't have happened.

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FBI may shift counterterror agents to anti-fraud


By DEVLIN BARRETT
The Associated Press/Washington Post
Wednesday, February 11, 2009; 6:05 PM

WASHINGTON -- With thousands of fraud investigations under way, the FBI is considering shifting agents away from counterterrorism work to help sort through the wreckage of the financial meltdown.

FBI Deputy Director John Pistole told the Senate Judiciary Committee on Wednesday that the bureau may reassign some of the positions that were reallocated to anti-terrorism work after the Sept. 11, 2001, attacks...more