The mortgage meltdown was due to the acts of MANY people. Some, obviously, were more innocent (albeit their greed party fueled the collapse) than others. Still, there was some FRAUD mixed in.
People are now going to jail for some of the mortgage fraud:
http://www.msnbc.msn.com/id/43357456/
Quote:
Two former senior Taylor, Bean & Whitaker Mortgage Corp executives were sentenced Friday to several years in prison for their roles in a nearly $3 billion fraud that took down the big lender and a major bank.
The fraud ran more than seven years until August 2009 when TBW collapsed after the the U.S. housing market imploded, taking Colonial BancGroup Inc's Colonial Bank with it and putting hundreds of people at the firm out of work.
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