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Mr. Leonards article was very informative and disturbing. It seems to me that this is just a further development in the uncovering of unsavory business/financial practices that our regulatory agencies fail to police or govern?? More of the Enron, Tyco etc etc syndrome. Lack of transparency. Unfortunately the uncovering comes at the expense of a lot of home owners and small investors. And what do the leaders in waiting of both parties have in mind as a fix if and when? Are our legislators incapable of seeing the mess for what it is or are they too timid to tackle a system that feeds their political ambitions? My fear is that this mess will be just like the "war on terrorism"/Iraq conundrum. A problem with no end. As long as Wall Street fails to police its financial practices, I strongly doubt that our politicians/government will do anything effective to do it for them.
