FBI saw threat of mortgage crisis

Today, the damage from the global mortgage meltdown has more than matched that of the savings-and-loan bailouts of the 1980s and early 1990s. By some estimates, it has made that costly debacle look like chump change. But it's also clear that the FBI failed to avert a problem it had accurately forecast.

Webmaster's Commentary: 

GREAT MOMENTS IN THE HISTORY OF THE FBI.

"[Your information is] too precise, too complete to be believed. The questionnaire plus the other information you brought spell out in detail exactly where, when, how, and by whom we are to be attacked. If anything, it sounds like a trap."

FBI response to the top British spy, Dusko Popov (code named "Tricycle") on August 10, 1941, dismissing Popov's report of the complete Japanese plan for the attack on Pearl Harbor.

Pearl Harbor: The Verdict Of History by Gordon Prange, appendix 7 published in 1986. Based on records from the JOINT CONGRESSIONAL COMMITTEE on the Investigation of the Pearl Harbor Attack, Nov 15, 1945 to May 31, 1946.

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