The criminal banks were not innocent bystanders that had their arms twisted by Barney Frank.
They indulged this mortgage scam with relish and gusto with the idea to rape the middle class of every dollar they owned.
The criminal banks owe Americans hundreds of billions for their criminality.
Here’s a start:
http://www.freerepublic.com/focus/f-news/2877368/posts
I just can’t figure out how the banks worked the scam if the individuals defaulted. The bankers didn’t hold a gun to the defaulters’ heads and force them to borrow more than they could ever repay. I also can’t figure out why the banks totally changed their approach from only loaning money to credit worthy to dumping billons on scumbags in the late ‘90s unless the government put them up to it.