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In a May 6 article for Newsweek/The Daily Beast, authors Peter J. Boyer and Peter Schweizer reported that federal financial fraud prosecutions are at 20-year lows, according to data from the Transactional Records Access Clearinghouse at Syracuse University. They said the task force for investigating risky mortgage lenders that Obama highlighted during his January State of the Union address, “is badly understaffed and has yet to produce any discernible progress.”
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