The TL;DR of the whole crisis is that some high-level financial professionals found a loophole in the way risk was calculated and then applied pressure on their

The TL;DR of the whole crisis is that some high-level financial professionals found a loophole in the way risk was calculated and then applied pressure on their subordinates to create more of the raw materials necessary to exploit that loophole. Maybe you don't believe that's criminal, but financial crimes are often cases where the victim "should have known better." Enron's deception was apparent to industry insiders long before it was raided and shut down, but that doesn't mean No crime was committed.