Break out the Cuffs & Send Them to Jail

October 16, 2008

The prime players who ignited the mortgage meltdown have been conspicuously given a free pass, as taxpayers take the fall for them. What happened to the high profile FBI probe of mortgage and securities fraud launched earlier this year? With a federal bail-out in place for banks, suddenly the string of predatory lenders who took all the profits and left the American people holding the bag appear to be off the hook. Check out this report from Newsweek’s Michael Hirsh: Make them Pay – Why aren’t the big fish on the hook for the financial crisis? Very enlightening.