Finally, someone is looking into the banking industry and their role in the collapse of the American economy. The Attorney General of New York is conducting an investigation into mortgage operations during the housing bubble. The New York Times asks some serious questions that must be addressed during the investigation, such as:
“Did the big banks know (if not, why not?) that billions in loans and related securities were destined to fail? Did they intentionally mislead investors and insurers or were they just incompetent?” Read the entire opinion here.
It is beyond time for someone to take a look into the tangled web and hold Wall Street accountable for their actions.