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This BBC report mentions the number arrested as '406'. This is a very interesting number which equates to a '1' - New Beginnings.
2008 is also a '1' year.
Is this code perhaps for the transition to a new 'gold backed treasury system' which is underway (in progress)? Is this massive arrest the beginning of clearing away the old system to make room for the new?
It is past time for justice to be served. It seems Lady Justice just removed her blindfold and now ... she is ready for action.
It looks like the dominoes really are falling! LH
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FBI holds 406 for mortgage fraud
The FBI says it has arrested 406 property market players as part of a crackdown on alleged mortgage frauds worth an estimated $1bn (£500m).
The arrests include housing developers, estate agents and mortgage brokers.
Reported mortgage fraud has soared in the past year, with the most common type being mis-statement of assets.
In a seperate development, two former Bear Stearns managers have been charged following the collapse of two hedge funds linked to sub-prime mortgages.
They are the first executives to face criminal charges related to the collapse of the value sub-prime loans which triggered the credit crunch.
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"Operation Malicious Mortgage and the Bear Stearns case demonstrate that the Department of Justice is determined to detect and to punish mortgage fraud and to help restore stability and confidence in our housing and credit markets," said deputy US attorney general Mark Filip.
COMPLETE ARTICLE HERE:
http://news.bbc.co.uk/2/hi/business/7464298.stm
