Ted Kaufman: “Because what is really at the heart of this is at what point did Goldman Sachs decide the housing market is going south…”

In the words of Ben Bernanke, America was on a course for 'a cataclysm that could have rivaled or surpassed the Great Depression.'

It's only fitting that, at a crisis past, a government should set aside its crisis authorities.

Nothing in life that is worthwhile is easy.

Widespread cheating and fraud of the sort that drove the speculative housing and derivatives securities bubbles are anathema to public confidence in the markets.