“The Justice Department and FBI have quietly acknowledged they grossly overstated the scope of a mortgage fraud crackdown, which the administration heralded with much fanfare a few weeks before last year’s presidential election. The DOJ and FBI had long been dogged by claims that their numbers were inflated. Bloomberg has been reporting since October that the cases cited by Holder included charges filed during the George W. Bush administration. Bloomberg continued to press for clarification. The administration went dark on the issue until Friday, when the FBI acknowledged in a memo that it had conducted an ‘extensive review’ and found problems.”
