According to The Washington Post, the U.S. government accused the former chairman of one of the nation’s largest mortgage firms of a multibillion-dollar scam Wednesday, unveiling what is to date the biggest criminal case related to the crisis that nearly brought down the financial system. (See item 16)
The Associated Press reports that the federal agency in charge of securing the government’s computer systems is unable to monitor the networks or analyze threats in real time, and it lacks the authority and staff necessary to do its job, according to an internal report. (See item 40)
