Ownership programs and banks and mortgage brokers


Problem:

"During the period of 2007 to currently, America has seen the demise of Lehman Brothers, the saving of banks deemed "Too Big To Fail," mortgage foreclosures on the rise, big bonus payouts, high unemployment, a larger gap of export/imports, the crisis of European states like Greece, Portugal, Italy, loss of dollar monetary value, etc."

Not long ago the government (legislators) pushed for expanded home ownership programs and banks and mortgage brokers complied (maybe not in the most ethical way). The government then bailed out the banks that created the problem (brought on in part by the government) and now the government is going to sue the banks.

Here is the link to the article.

http://www.washingtonpost.com/business/economy/federal-government-to-sue-major-banks-over-fannie-and-freddie-losses/2011/09/02/gIQAPom7wJ_story.html

Any thoughts about government intervention in this case?

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Business Law and Ethics: Ownership programs and banks and mortgage brokers
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