Some of you are probably aware of this. I wanted to post it so you could see one of the key "Checks" that failed in the "Checks and Balances" of our financial system. The other failure was the regulators.
They took the money and ran.
IMO - All of top management of these firms should be investigated and prosecuted if malfeasance is found... turn over every rock. And at the very least sued personally for negligence and/or wrong doing. Beware... this is going to P!$$ you off.
Credit and Credibility . NOW on PBS
A little more information about the congressional investigation.