Detailed text transcripts for TV channel - CNN - 20100427:15:59:00
Hasn't oversight stepped up over the past few years? >> and you thought people start passing out halos and all of a sudden people stop the fraud? no. it doesn't work that way, tony. it's true, fraud often changes what w. the times, so it's hard to completely get rid of it. the number rose 7% last year. that's better than the 26% jump we saw in 2000 but economists say this study is only the tip of the iceberg because fraud isn't usually detected until the loan goes bad. when things get bad that's when we see who is up to the bad stuff. there are probably a lot more cases that we don't even know...
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