So much mortgage fraud, so few held accountable

Remember the fanfare with which Florida's attorney general launched investigation into the mortgage fraud and the resulting housing crisis? Soon attorneys general from all 50 states had joined in. Several federal regulators also have launched investigations. But now, with settlement talks underway, there are fears in many quarters that the major banks will get off with maybe a modest fine, if anything. Is anyone surprised? Nobody's going to jail. Even the fines will be so minimal as to have little effect on the bottom line. The stock prices of the major banks hardly even rippled after this week's disclosures by...