“....there’s nothing to be gained “getting to the bottom” of it.”
EXCUSE ME!!! Explain yourself.....or, after all, its “just sex”...is that what you’re trying to say....
I just think there’s no mystery whatsoever as to how this happened. I realize I might sound apologetic, and that’s not my intention.
All I am saying is that functionally, the damage has been done, the default and foreclosure losses will have to be taken by someone. Ultimately, the banks will likely figure out a way to unload much of their losses on the taxpayer. ANY money spent trying to imprison the bad guys, decipher their methods, find the crooked appraisers and brokers and underwriters, and even throw themm in prison, is just MORE taxpayer squandered. The money is gone. There is no receovery mechanism available other than tax writeoffs to the best-heeled. And that, as well, is essentially a taxpayer hit.
I just get tired of every aspect of this turning into a taxpayer-financed error.