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White House announces investigation of subprime mortgage fraud
By Agence France-Presse
Friday, January 27, 2012 17:40 EST

WASHINGTON — The Obama administration announced Friday a new inquiry to investigate fraud in the mortgage-backed securities market, whose billion-dollar implosion helped trigger the global financial crisis.

Attorney General Eric Holder will head the working group of 55 lawyers, investigators and analysts from the Justice Department and other federal and state agencies tasked with uncovering wrongdoing in the “sub-primeâ€