People who should have done something did nothing already and that's why we are where we are. There were signs and financial people warning of this 2 years ago, look at the WSJ.
There should be investigations done and check who profited from this. I don't care if it's a Republican or Democrat, they need to be held accountable. People need to put party aside on this issue.
Everyone at the highest level should be prosecuted. How it managed to go on this long is mind boggling. I have some money invested in mutual funds with T Rowe Price and they were avoiding the mortgage markets 3 years ago because something didnt seem right.