WASHINGTON-- President Obama in his State of the Union address is announcing the creation of a Financial Crimes unit in the Justice Department to probe banks and financial companies that helped contribute to the mortgage meltdown with risky loans.
He is also asking Congress to increase the penalities for fraud, so fines are not just seen as a business expense.
Lynn Sweet is a columnist and the Washington Bureau Chief for the Chicago Sun-Times.
This page contains a single entry by Lynn Sweet published on January 24, 2012 8:10 PM.
Obama campaign has 2,700 State of the Union watch parties was the previous entry in this blog.
Obama wants to raise drop-out age to 18; Illinois allows 17-year-old drop outs is the next entry in this blog.
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