Reply #2: Were the Fed's bailout and forced sale legal?

[DCKit]

The word "unprecedented" comes to mind.

Unless the people who created this mess are set back on the heels HARD, they will have learned nothing of value and another variation of this scheme will resurface in another 20-30 years.

Very little was repaid from the S&L scandals of the 1980's and very few were prosecuted for their theft of billions. Unless people in their 30's and 40's want to reach retirement age just in time to see their savings and investments evaporate in yet another cycle of fraud and legalized theft, regulation of the banking and investment industries must become a priority.