Alex, I know there has always been fraud on Wall Street, but how does that excuse what they did? I'm saying that this time these banks along with credit agencies, and whoever else perpetrated a fraud of monumental proportions, which many believe led to the financial meltdown, and not only didn't they pay for it, they walked away with millions.
" 90 percent of the triple A rated mortgage-backed securities issued in 2006 and 2007 were downgraded to junk status."