Memo To The FBI: Expand The Probe Of Economic Crimes

``To its shame, our media has once again not been in the lead on this vital story. It is still not framing it in criminal terms. It is not investigating the role of institutions working together—big banks, hedge funds, rating agencies, and the securities industry — making super-profits with deceptive subprime transactions. That is, before their securitized schemes blew up in their faces causing super-losses and the writedowns of billions.''