Obama To Form Financial Fraud Task Force

Good morning, all!  There is big news today for the Financial Fraud Law Report and the Financial Fraud Law blog: In about 6 hours, the Obama administration is going to announce the formation of a Financial Fraud Task Force.

The Task Force will be chaired by U.S. Attorney General Eric H. Holder Jr. and will include representatives from the Justice, Treasury and Housing and Urban Development departments and the Securities and Exchange Commission, among others.
 
Politico.com is reporting that the task force will be "a sustained, multilevel attack on financial fraud," including mortgage fraud. The Times is reporting that the task force will investigate and prosecute financial crimes related to last year’s financial problems and will seek to prevent future crises “by ferreting out fraudulent actors and serving as a deterrent.”
 
Articles about the task force are available at http://www.politico.com/news/stories/1109/29610.html and http://thecaucus.blogs.nytimes.com/2009/11/16/financial-fraud-task-force-formed/?scp=1&sq=financial%20fraud&st=cse.
 
More to follow….