> People were acting aggressive, not criminal ... Suppose a hair dresser buys a house for $750k, the interest payments alone consume 50% of family income, clea

> People were acting aggressive, not criminal ... Suppose a hair dresser buys a house for $750k, the interest payments alone consume 50% of family income, clear title has not been established for the house, and the signed mortgage document is filed into a dumpster. Suppose hundreds of similar mortgages are piled together into a mortgage-backed security. The criminals were rating that festering bond as AAA (highest rank) and stuffing it into pension funds. The rating fee was on the order of $500k, but the raters did not even pick a single private eye out of the phone book to verify that the house even exists, nor a CPA to see that if the paperwork exists. The whole thing was a fraud from beginning to end. Thousands of people need to go to prison, and pay trillions in restitution. > Just tell me the the end-of-day positions of every "large" participant. Bernie Madoff Investments had stellar numbers. The whole point of a financial fraud is that the numbers are cooked.