Big Trouble in Little America

At New Condos Online, I'm always trying to keep abreast of all facets in the real estate industry.  Mortgage brokers, lenders and others have recently been in the headlines again due to fraudulent and unethical lending practices.  There have been several cartoons about them in certain political magazines and many goofs made on talk shows and I'm sure there are many writers in Hollywood whipping up scripts - satires, dramas, comedies - about what has recently swept through America in the past few years.  I have now recently just read about "Operation Malicious Mortgage" and although it doesn't solve any of the problems, a few are going to pay drastically for the many many lives that they ruin.  Federal prosecutors recently arrested two execs from Bear Sterns (Matt Tannin and Ralph Cioffi) who were partly responsible for that pretty big mess at the investment bank not so long ago.  In addition to these 2 former execs, the feds announced that more than 400 people have been arrested and charged with roles in the housing crisis and in turn, credit market crisis.  More than 1000 investigations are still under way.  Although this may be satisfactory to some, I feel that it is not.  You can arrest people and make them pay by putting them in jail or fining them but it won't get a family back their new condo they bought on the assumption that a 6-month libor was a solid mortgage choice.  And it won't put money back in the pockets of investors who invested in these "solid" mortgage-backed securities.