I don't think the underwriters fully understood the consequences of what they did. Rather they were numbed by their previous ability to invent new products and

I don't think the underwriters fully understood the consequences of what they did. Rather they were numbed by their previous ability to invent new products and systems that would solve the problem of the previous. The system is larger than anyone ability to understand it. So yes what they did were wrong but not in some grand mastermind way and thus the real problem IMO is the system. And yes if you do something illegal you should be prosecuted. But have they?