Attorney General Tom "The Crook" Miller Goes After Mortgage Fraud

Mike G-Lover of the Associated Press has a story in Business Week about how some mortgage fraud group is being formed in Iowa:

A new task force to combat mortgage fraud that combines state and federal forces to impose civil and criminal charges adds teeth to the fight against a problem at the heart of the nation's economic system, prosecutors said Monday.

"Mortgage fraud is a very serious crime," said Weysan Dun, Special Agent in Charge of the FBI. "It is an attack on the economic system of the United States."

At a news conference, U.S. Attorney Nicholas Klinefeldt and state Attorney General Tom Miller announced the creation of a working group combining state and federal enforcement efforts.

"We will look at everyone involved in these fraudulent practices," Klinefeldt said. "This will put Iowa on the forefront."

Miller said much of the focus to date has been on civil enforcement of the mortgage industry, but that the new partnership will bring into play the potential of criminal charges.

"The whole idea is to make Iowa a very bad place to do mortgage fraud," said Miller.

Mortgage fraud can range from altering the value of a property, to taking multiple loans on a property, to falsifying income data.

That kind of sounds like the guy in Marion who took out a 100% mortgage on a $199,000 house in 2005 with an adjustable rate mortgage, obtained a second mortgage to finish his basement which was paid off, but is today behind on the payment due to unemployment and then choosing to spend his day in a Kirkwood Community College classroom rather than finding money to get current because Obama has some program that will lower his payment.

No, wait, that guy wasn't engaged in mortgage fraud!  He was just doing what the system allowed!  The evil capitalistic unfettered system of checks and balances that Barney Fag declared in 2004 that Fannie Mae and Freddie Mac was "not in crisis" and which let Mr Marion drive his car over the edge!

Attorney General Tom Miller, you crook, go ahead and partner with the FBI to create another worthless government organization to make more waste, fraud, and abuse.  You good-for-nothings!  Just please don't destroy my American dream!