FBI targets senior bankers in far-reaching sub-prime fraud inquiry

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The Times of London summarizes as follows: 'The FBI is investigating every level of the conspiracy that it believes perpetuated the housing boom and ultimately resulted in millions of Americans losing their houses, investment banks losing billions of dollars and the chief executives of Citigroup, Merrill Lynch, Bear Stearns and UBS resigning.' They're looking at a 'CONSPIRACY' at 'every level.' Let's see if they deliver.

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