While listening to President Obama's State of the Union Address, I heard him say that he was setting up a new Federal Investigative Team under the Attorney General Holder. This team would investigate if any laws were broken during the housing bubble. I have a number of guestions-
1. Have the Federal or state statute of limitations passed if there were any crimes?
2. How deep will they probe?
3. Will they prosecute if they find crimes? Let's face it! It's much harder to prosecute someone with deep pockets.
4. Are they going to connect the dots if they are their donors?
5. Who is going to head the team.
6. Was this just an election year stunt?
For more on this topic, read the below link-
http://www.nytimes.com/2012/01/26/opinion/a-mortgage-investigation.html?_r=2&source=patrick.net
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