The Justice Department and the FBI announced hundreds of arrests Thursday for mortgage fraud, which is blamed for sparking a national credit crisis and nationwide housing crisis. An NPR correspondent and Columbia Law professor examine the government crackdown.
- Doesn’t Bear Sterns hiding of their problems while continuing to sell mortgage-backed securities as if all was well constitute fraud?
Question/Comment: Bear Sterns did not go under overnight. Unless they are incompetent, the executives must have known what was happening for at least a year, maybe longer. So how come they took hundreds of millions in salary and bonuses (maybe … Continue reading
The fighting that raged in Kenya after disputed December elections was a sign of deep-seated ethnic tensions and underlying economic problems in the country, including joblessness. Margaret Warner reports from Kenya on the roots of the violence. Continue reading
Various New York lawmakers and newspapers called for Gov. Eliot Spitzer’s resignation Tuesday, after he was linked to a prostitution ring Monday via a federal wiretap. Reporters discuss Spitzer’s political career and the fallout from the scandal. Continue reading
In a yet another twist to South Africa’s political scene, Jacob Zuma, the recently elected leader of the country’s ruling party, has been charged in a corruption case that could jeopardize his chances of becoming president. Continue reading
After the problems of the 2000 presidential elections, electronic voting machines were designed to make casting and counting ballots easier and more accurate. But recent problems encountered in several states using the new machines have raised concerns about their reliability and susceptibility to fraud. Continue reading
A top Mexican court certified Felipe Calderon as the new president of Mexico Tuesday, two months after the election, rejecting allegations of fraud. His challenger Andres Manuel Lopez Obrador has vowed to ignore the court’s decision. Analysts discuss the disputed race. Continue reading
The former top two officials at the failed energy giant Enron were convicted of fraud and conspiracy Thursday for their role in the company’s 2001 financial collapse. Guests analyze the verdict and possible implications for the business world. Continue reading