Early Briefing: Pearlstein on Power Brokers

* Are Washington power brokers good or bad for the system? Apparently, we can't seem to decide, writes columnist Steven Pearlstein. He calls on the examples of Vernon Jordan and Jim Johnson.

*Federal authorities charged a Prince George's couple with running a $35 million mortgage rescue operation that duped lenders and unsuspecting homeowners facing foreclosure, in what prosecutors described as one of the largest mortgage fraud schemes in Maryland history.

Joy Jackson, president of Lanham-based Metropolitan Money Store Corp., and her husband Kurt Fordham, were arrested in North Carolina, U.S. Attorney Rod J. Rosenstein said at a news conference at U.S. District Court in Greenbelt. The couple is charged with conspiracy to commit mail and wire fraud, six counts of money laundering and 15 counts of mail fraud to obtain money and property from homeowners and lenders.

By Terri Rupar  |  June 13, 2008; 5:00 AM ET  | Category:  Morning Brief
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