With bank failures, the collapse of many Wall Street Brokerages that traded Collateralized Mortgage or Debt Obligations CDO one really has to step back and ask themselves what really happened?  Someone in the banks had to say "Lend" to persons they knew could never pay them back...so they can sell the bad mortgages to a brokerage that bundled them into an instrument and then sold them as securitized "AAA" bonds and investment grade investments to cities, banks, and holders around the globe.  Most of the global collapse was caused right here in the USA.  David Faber's Special this week was an eye opener!  The special was entitled the "House of Cards" was extremely well done and very informative, but leaves you asking more questions.

As a nation we may be throwing good money after bad bailing out banks that should fail for unsound lending practices, and giving the same politicians that caused this a blank check that will most probably be a political slush fund for them to create more havoc for the nation and grow government even bigger.  My question(s) arebigger. than the innocuous head lines, and all I would like to ask is "Where are the indictments?"  Where are the subpoenas?"  "Where are the investigations into corrupt Politicians and bankers that allowed all of this to happen?"  "Where are the special prosecutors?" 

If something happened once it is a mistake.  If something occurred more than once and pattern is picked out that is questionably corrupt, unethical where was the oversight?  When politicians received money from Fannie Mae, Freddie Mac, Countrywide Mortgage where are the resignations?  Where is the indignation form Americans? and Last but not least...Where are the indictments for "Racketeering" once a clear pattern of repeated corruption and theft has occurred?   Why are there no calls for enforcement of the Racketeer Influenced and Corrupt Organizations ACT RICO

Banks that knowingly made bad loans - and want federal monies (Taxpayer bailouts) to make them right are guilty of Federal Crimes!  Politicians sitting one committees taking monies from those they are supposed to be overseeing should step down in shame.  As Americans we need to demand it!  Even in the years preceeding the "Great Depression"  borrowers had to put down 50% to obtain a mortgage!  We really are heading for deeper trouble if we do not demand the right actions from our Government.  No investment will be ever safe again, no bond will be trustworthy, and no bank safe to save our money.