Credit crisis should be investigated

Would someone please advise the taxpayers of this country why a special prosecutor hasn't been appointed to delve into what surely has to be several instances of outright fraud in the private sector and malfeasance and/or corruption in the public sector as it relates to the credit crisis? We the taxpayers are now on the hook for what could be a $1 trillion in bad investments. No one knows the true amount and no one may ever know until such time as these chickens come home to roost.

This is truly nonpartisan, criminal ineptitude. Now that we taxpayers will be the lender of last resort we should be demanding that before any bad "paper" is taken off banks and investment house books that the fees these bad investments generated be paid back to the Treasury. Any bonuses/stock options or other financial bonanzas realized in these "schemes" need to be returned as well. And a vigorous investigation needs to be launched against all the egregious, deceptive and fraudulent decisions made by the people responsible for this mess. Their bonuses, financial windfalls and fees would go along way toward funding these investigations.

Steve Sarich

Grayslake