So are you saying it was fraud but fraud on such a big scale that we should just ignore it? I’m just trying to be clear on what you just posted.
I’m saying that if the courts ruled against these institutions and forced them to make these loans, I’m having a hard time jumping on board the prosecution gravy train.
The regulators were there every step of the way. Why aren’t they being investigated? They signed off. The courts signed off. Congress signed off.
If a banker clearly committed a criminal act, then fine. I’m not here to defend criminality. I just don’t think this whole crisis was created by criminal acts. I don’t consider complying with the edicts of courts or the demands of Congress to be a criminal act.